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.

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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

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.

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.

9/8/2023

UK Renewable Energy Auction Awards No Offshore Wind Due to High Costs

Offshore wind developers did not participate in Britain's latest renewable energy auction due to the government's low price offer that does not reflect rising industry costs, posing a threat to the country's 2050 net zero emissions target of achieving 50 GW of offshore wind capacity by 2030.

9/8/2023

Offshore Wind Industry Faces Headwinds as Projects Stall and Profits Falter

The offshore wind power industry in the US is experiencing increased difficulties, with major players struggling to generate profits and facing potential setbacks.

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Posted 8/29/2023, 10:48:12 PM

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

texastribune.org

Relevant topic timeline:

8/28/2023

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

8/29/2023

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

8/29/2023

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

9/8/2023

UK Renewable Energy Auction Awards No Offshore Wind Due to High Costs

9/8/2023

Offshore Wind Industry Faces Headwinds as Projects Stall and Profits Falter

The offshore wind power industry in the US is experiencing increased difficulties, with major players struggling to generate profits and facing potential setbacks.