Why the world's renewables king is pooh-poohing offshore wind

NextEra Energy's John Ketchum may only be telling part of the story.

When the CEO of the world’s largest producer of renewable energy speaks, people tend to listen. And when that person, John Ketchum of Florida-based NextEra Energy NEE 0.00%↑, tells the CERAWeek conference in Houston that he thinks offshore wind is a “bad bet,” their ears prick up even more, especially since the American offshore industry is struggling to get star…