(Bloomberg) -- The US offshore wind industry, banking on a big boost from the landmark Inflation Reduction Act, has found itself face-to-face with a major hurdle that’s been right there in the name all along: inflation.Most Read from BloombergApple’s 2-Day Slide Nears $200 Billion on China IPhone CurbsTrudeau Says There’s No Room for Political Rapprochement With ChinaChina Seeks to Broaden iPhone Ban to State Firms, AgenciesHong Kong Shuts Down City After Heaviest Rainfall On Record‘Blame the Bo

Just two years ago, they were making plans — and inking power purchase agreements — based on a projected cost of $77 per megawatt hour, according to BloombergNEF. Now, it’s $114.

When will the climate be a priority?

  • @reddig33
    18•1 year ago

    SLAMMED!

    The media’s favorite headline word for the past two years.

    • @[email protected]OP
      2•1 year ago

      Lol, there was another article on the same story I was looking at but the headline wasn’t as exciting :)