With its high wind speeds and clear waters, the stretch of the North Sea off England’s east coast is among the most attractive in the world for wind farm developers.
Swedish developer Vattenfall spent years developing plans for almost 140 turbines across a 725km-squared patch, each one up to 350 metres high and with blades spanning up to 300 metres wide.
Last month, it stopped the project. Surging costs of everything from turbines to labour and financing rendered it unviable given the low price locked in for its electricity, the company said.
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