First lease auction for Gulf of Mexico wind development set for late August

The first auction of offshore leases for wind power development in the Gulf of Mexico will take place Aug. 29 for tracts off the Louisiana and Texas coasts, the Biden administration announced Thursday. The Department of the Interior said the lease sale will involve more than 300,000 acres. That includes a 102,480-acre area off the southwest Louisiana coast, and areas covering 102,480 acres and 96,786 acres off Galveston, Texas. OIL GIANTS OFFER $264M FOR GULF OF MEXICO DRILLING RIGHTS Plans for the sale come as wind energy projects are already taking shape in the Northeast. Earlier this month, the government gave the go-ahead for New Jersey’s first offshore wind farm to begin construction. That followed approval of projects now under construction in the northeast, one off Massachusetts and the other off New York and Rhode Island. “We’re going to the Gulf,” President Joe Biden said Thursday in Philadelphia. He was there to tour the Philly Shipyard, where there was a steel-cutting ceremony for the Acadia, a vessel that will help to build offshore wind farms. NO BROTHERLY LOVE FOR BIDEN AS BLUE-COLLAR WORKERS SLAM ‘BIDENOMICS’ BEFORE PHILLY VISIT: ‘STILL STRUGGLING’ The administration had said in February that it was considering an offshore lease sale in the Gulf, where industries that traditionally serve offshore oil and gas drilling are also embracing wind energy developments. The Gulf areas being auctioned next month have the potential to generate 3.7 gigawatts, enough power for nearly 1.3 million homes, the Interior news release said. The administration has set a goal of installing 30 gigawatts of offshore wind energy by 2030.
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