First US offshore wind auction in Gulf of Mexico attracts paltry interest
August 29, 2023
The Biden administration’s first ever auction of offshore wind development rights in the Gulf of Mexico ended with a single $5.6 million winning bid on Tuesday, reflecting meager demand for the clean energy source in a region known for oil and gas production.
Germany’s RWE (RWEG.DE) won rights to 102,480 acres (41,472 hectares) off Louisiana – the lowest winning bid for a federal offshore wind lease at auction since the Obama administration – while the other two lease areas on offer off Texas received no bids, according to results posted online by the U.S. Bureau of Ocean Energy Management.
