The Headwinds Facing Offshore Wind Farms ...Middle East

Last week, the Biden administration held the nation’s first ever offshore wind auction in the Gulf of Mexico. It described the sale in a press release as part of its “once-in-a-generation investment in America’s infrastructure and our clean energy future,” with the potential to power around 1.3 million homes with clean energy. A significant sale could have signaled a shift away from fossil fuels for the oil- and gas-intensive Gulf region, but it was far from a runaway success: Only two companies bid for the leases on offer. The sale isn’t the only sign of trouble for the U.S. offshore wind industry—and some major players are flagging problems to come. Following a summer of canceled projects

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Last updated : 08 September 2023 clock 02:36 PM

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The Headwinds Facing Offshore Wind Farms ...Middle East

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