First US offshore wind auction in Gulf of Mexico attracts one winning bid

The Biden administration's first offshore wind development auction in the Gulf of Mexico resulted in a single winning bid of $5.6 million, indicating limited demand for clean energy in a region known for oil and gas production.

reuters.com

Relevant topic timeline:

8/28/2023

First US Gulf offshore wind auction to fuel region's green hydrogen push

The U.S. Gulf Coast's upcoming offshore wind auction is seen as an opportunity to develop a green hydrogen supply chain for the region's industrial sector, as the area lacks state mandates for renewable energy and has cheap electricity.

8/29/2023

Blow to Biden as offshore wind auction in Gulf of Mexico fails to stir interest

The Biden administration's first offshore wind auction in the Gulf of Mexico resulted in only one lease being awarded out of three, raising concerns about the viability of offshore wind in the region and the need for government involvement in its development.

8/29/2023

The U.S. government hoped companies would want to build wind farms of…

Despite the opportunity to generate more renewable energy and create jobs, no firms bid on the newly opened offshore wind farm leases in the Gulf of Mexico near the Texas coast, leading to speculation that Texas' antagonistic political climate towards renewable energy may have played a role.

8/29/2023

The first US offshore wind auction in the Gulf of Mexico was a dud

Germany's RWE won the rights to a lease area in the Gulf of Mexico auction, marking the first-ever US offshore wind auction, but only one lease area received a bid, highlighting the importance of state policy and support for offshore wind development.

9/13/2023

Biden's Climate Law Spurs Clean Energy Investment, Reshaping Some Consumer and Corporate Spending

Private investment in clean energy projects has surged in the United States following the signing of an expansive climate bill by President Joe Biden, with tax incentives and federal subsidies reshaping consumer and corporate spending in the sector and accelerating the development of automotive supply chains. However, wind power has not experienced the same level of growth, and consumer spending on energy-saving technologies like heat pumps has remained unchanged.

9/15/2023

Biden's 30 GW Offshore Wind Goal Faces Hurdles Due to Costs, Supply Issues

President Joe Biden's goal to deploy 30,000 megawatts of offshore wind along U.S. coastlines by 2030 to combat climate change may be unattainable due to rising costs and supply chain delays, according to forecasters and industry insiders.

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Posted 8/29/2023, 4:04:00 PM

First US offshore wind auction in Gulf of Mexico attracts one winning bid

reuters.com

Relevant topic timeline:

8/28/2023

First US Gulf offshore wind auction to fuel region's green hydrogen push

8/29/2023

Blow to Biden as offshore wind auction in Gulf of Mexico fails to stir interest

8/29/2023

The U.S. government hoped companies would want to build wind farms of…

8/29/2023

The first US offshore wind auction in the Gulf of Mexico was a dud

9/13/2023

Biden's Climate Law Spurs Clean Energy Investment, Reshaping Some Consumer and Corporate Spending

9/15/2023

Biden's 30 GW Offshore Wind Goal Faces Hurdles Due to Costs, Supply Issues