The Briefing Room
General Category => Climate Change => Topic started by: rangerrebew on April 25, 2024, 11:55:39 am
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Biden Gives Big Wind Preferential Offshore Leasing After Issuing Restrictive Oil And Gas Plan
by Nick Pope 9 hours ago in Green Energy, News Reading Time: 2 mins read
The Biden administration unveiled a plan Wednesday to hold up to a dozen offshore wind leases over the next several years as the industry struggles to cement itself in the U.S. [emphasis, links added]
The Department of the Interior (DOI) announced its five-year schedule for offshore wind leasing, which envisions lease sales for plots in the Atlantic, Pacific, Gulf of Mexico, and waters off of American territories.
The agency expects to offer four sales in 2024, one each in 2025 and 2026, two in 2027, and four in 2028.
The offshore wind industry is struggling in the U.S., with developers up and down the East Coast backing out of contracts or requesting further assistance from the government as inflation, high borrowing costs, supply chain backups, and logistical snags have taken their toll on projects.
https://climatechangedispatch.com/biden-gives-big-wind-preferential-offshore-leasing-after-issuing-restrictive-oil-and-gas-plan/
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Offshore wind will sink at the dock, or shortly afterwards. The additional expense of operating offshore and maintaining those platforms will sink such proposals in debt. Hurricane season is coming...what's on your beach?