Biden administration plans to tee up offshore wind across the nation’s coastlines

The Biden administration plans to boost offshore wind power, announcing up to 12 opportunities for industry to bid on opportunities to build wind turbines in U.S. oceans over the next five years.

Interior Secretary Deb Haaland is scheduled to announce the lease sale at a conference in New Orleans.

Lease sales are an opportunity for companies to bid on offshore areas to build offshore wind farms.

The 12 potential opportunities Haaland has announced include sales in the Mid-Atlantic, Gulf of Maine, Gulf of Mexico, New York Bay, offshore Oregon, California, Hawaii, and U.S. territories yet to be determined. ing.

It’s not yet clear how much these sales will amount to, or how much power the wind farms that might be built there could generate.

“Looking to the future, this new leasing schedule will help reduce consumer costs, combat climate change, create jobs to feed families, and ensure all communities have access to economic opportunity.” It will support the kinds of renewable energy projects needed in the future,” Haaland said. Written Statement.

These sales are described as potential sales rather than definite plans, and former President Trump may wish to cancel them if he wins the election.At a recent fundraiser with oil company executives, President Trump reportedly Wind energy has taken a hit.

Another hurdle for offshore wind is economics, with some projects canceled last year due to issues such as supply chain delays and rising interest rates.

The Biden administration’s plan stands in contrast to its approach to offshore oil and gas in the coming years. The company plans to offer up to three oil and gas lease sales through 2029, making it the smallest five-year lease plan issued by any recent president.