An aerial Siemens Gamesa offshore wind turbine installed at sea

COVID-19 impacts offshore wind players’ balance sheets, but not build-out and expansion plans

With financial results for the second quarter and the first half of the year now being presented, the status of the offshore wind sector in relation to the impact of the global COVID-19 crisis is becoming more prominent and, once again, it shows that the companies are both shaken and unshaken by it, at the same time. While the impact is obvious in their financial records – project development, new investments and expansion plans are mostly intact.

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