gongnomore t1_j1snows wrote on December 27, 2022 at 2:11 AM

Reply to comment by March_Latter in Wind developers’ tightening financials call New England project into question by stewart0077

Actually not a lie or incompetence, development costs have skyrocketed and a key part of that is oil price, labor agreements and currency market anomalies. An example is dayrate to charter a vessel to support development has gone from 14k of to 32k in eight months due to increased demand in GoM.

March_Latter t1_j1u1taa wrote on December 27, 2022 at 11:40 AM

I am deeply embedded in the supply chain. Summer of 21 I could have easily told you costs were moving upward at an unprecedented rate with no end in sight. You know what happened after contractors were informed of the situation? They bid jobs pennies over cost and then acted surprised they could not afford to do the job. You can claim hundreds of issues that led to this but in every sector everyone was informed costs in the future were a guess at best and to factor that in.