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Offshore windfarms uneconomic, says Forbar

Analysts say offshore projects are too big and too expensive to work in the New Zealand market.

The scale required for offshore windfarms would distort the market, say analysts.

Tim Hunter Wed, 09 Aug 2023

Analysts at Forsyth Barr say proposals for offshore windfarms, including from a Super Fund consortium, face apparently insurmountable financial challenges.

In a research note issued on August 4, Forbar analysts Andrew Harvey-Green and Baxter Robb said offshore wind projects discussed to date were

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Offshore windfarms uneconomic, says Forbar
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