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How Big Things Get Done

Decouple

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Offshore Wind

Taiwan's offshore wind development is running into some issues with a lot of cost overruns and lack of left to right thinking. I think at some point, especially with commodity prices and inflation like this, we've seen in the news all these turbine manufacturers like Vesta's and Siemens Gomesa, they're not making money. The vessel owners are bleeding. Developers aren't making much. But interestingly, people accept that because I think floating wind, the value proposition is it is a little bit more stable. With larger turbines also come strength.

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