Europe's Wind Power Boom Faces New Challenges

Europe is starting to reach its limit when it comes to wind power. Countries like Denmark and Sweden, once leaders in expanding offshore wind capacity, are now hitting obstacles as power prices and incentives fall too low to support new projects, according to Bloomberg. A recent Danish auction for offshore wind saw no bids, highlighting the issue. This slowdown in wind development risks prolonging reliance on fossil fuels, as rising costs challenge the sector's earlier success in driving down prices. Denmark, which generated a world-leading 58%…