No bids for offshore wind in government auction

In the past, such projects were front-loaded with money. This means that governments threw so much money at them that the investors made their investment back in no time courtesy of politicians’ largesse with our money. But that seems to come to an end. Money pits are not endless it seems. But the original deal – decades ago – was that they throw public money at them for a while to make them competitive so they can stand on their own. Decades of subsidies never brought that moment. It’s over. 

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