US wind outlook | Sweden's defence concerns | TPI Composites | Offshore wind safety

**Orlando Jenkinson** (0:03)
Welcome back to the Windpower News Review with me, Orlando Jenkinson, reporter at Windpower Monthly.

**Robyn White** (0:08)
And me, Robyn White, senior reporter at Windpower Monthly. We're back with our regular panelist, Shashi Barla, to discuss the latest major stories from the global wind industry.

**Orlando Jenkinson** (0:17)
This time on the News Review, we examine the latest prospects for the US wind industry, where states are pushing back against the hostile federal government's attacks on wind power, while popular renewable energy tax credits expire.

**Robyn White** (0:29)
Next, we discuss Sweden's rejection of 11 offshore wind farms over security concerns as it refocuses on future auctions. Could this be a positive outcome for offshore wind prospects in the country?

**Orlando Jenkinson** (0:40)
Moving back to the US, we examine the fallout after Blade manufacturer TPI Composites completes its bankruptcy restructuring and review what might be learned from its recent difficulties.

**Robyn White** (0:50)
Finally, we take a look at two collisions reported in ports servicing offshore wind projects in Denmark and the UK and discuss how the industry can send to safety in so-called harsh environments.

**Orlando Jenkinson** (1:01)
It's all on the latest News Review Podcast, our series in addition to our regular episodes exploring the key issues in the wind industry today. Joining us this week for the News Review, we welcome back our regular panelist Shashi Barla, a wind industry expert and founder of I-Square Barla Group, a wind industry marketing intelligence platform.

**Shashi Barla** (1:24)
Pleasure to be back again.

**Robyn White** (1:26)
Thanks so much for joining us again Shashi. Looking forward to getting your view on this month's topics.
So let's begin in the US. Where the wind industry faces more turmoil amid ongoing attacks from the US government led by President Donald Trump. Trump's government is currently freezing new wind power permits over security concerns and is being sued by renewables groups for doing so. Meanwhile, US states are also pushing back on recent attacks on offshore wind with their own legal challenges against the buyouts of offshore wind project leases. So, Shashi, firstly, how much can these legal challenges against the US government's attacks help protect the business case for US offshore wind going forward?

**Shashi Barla** (2:04)
Firstly, these litigations, of course, they're going to buy some time on completely being cancelled out especially for the projects that already received the approval.
In terms of the business case, I think we also talked about in the past sessions, the US has completely killed the US offshore wind prospects from 30 gigawatts down to barely some 5 gigawatts of offshore wind by 2030 So, we're talking about $120 billion worth of investments into the projects that have operated into thin air. And then if you include the overall project benefits that has the indirect economic effect besides the project in the US.
That is somewhere in the magnitude of $150 to $160 billion.
So, in total, when you combine, we're talking about roughly $280 billion worth of investments has gone out of the US. And for us, if you look at the industry, we have about $250 billion of an industry globally annually. And if in a particular market, in a span of, let's say, the investments are logged in until 2030, in the span of six, seven years, if $280 billion is completely gone, it has a significant impact on the overall industry. Now, when we drill down that to those specific projects, I believe that majority of these projects are kind of already lost because they will not be able to meet the initial timelines of 2030 And on the business case, will that improve the prospects of the business case, all these appeals? I think there is some back and forth, as you can imagine, and that has increased the cost of the projects. I mean, we have seen the case, like the most notorious case of the ostrich and how they have suffered in the US market, partly because of their own doings, if you will, for the lack of a better word, but also because of the policy angle in the US. But that is the adverse effect and the adverse outcome of these mitigations that are going on. It would certainly increase the cost of offshore wind power generated in the US going forward. If and when they're back on track, because these projects will be beyond 2030 And if and when they're back, I would expect that the cost, the project level IRRs is already deteriorated. And this cost of legal battles and the prolonged soft cost of the project delays, this would have a material effect on these projects. But I would say this is moving from 2030 I would say more realistically, majority of these projects would be accomplished by 2040 So that's a significant push in the timeline between 6 to 10 years in the future.