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Search resuls for: "of Ocean Energy"


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☆ California offshore wind auction bids top $460 mln on day two
  + stars: | 2022-12-07 | by ( ) www.reuters.com   time to read: +1 min
Dec 7 (Reuters) - The first ever auction of offshore wind development rights off the coast of California entered its second day on Wednesday, with high bids topping $460 million. Previous federal offshore wind auctions have all been for leases in shallower waters of the Atlantic Ocean. After 22 rounds of bidding, high bids totaled a combined $462.1 million. Two leases off the central coast had commanded high bids of more than $100 million, with the remaining leases attracting high bids in a range of $62.7 million to $98.8 million, according to live auction results on the BOEM web site. The identities of the bidders are not disclosed during the auction, but 43 companies had been approved to participate.
☆ First-ever California offshore wind auction surpasses $757 million in bids
  + stars: | 2022-12-07 | by ( Emma Newburger | ) www.cnbc.com   time to read: +2 min
The Biden administration on Wednesday announced more than $757 million in winning bids for its auction of offshore wind development rights in California, marking the third offshore wind lease sale this year and the first ever for the Pacific region. The sale is a major milestone in the administration's goal of building offshore wind turbines across the nation's coastlines to help power communities and transition to clean energy. The White House, as part of its broader agenda to address climate change, has committed to deploy 30 gigawatts of offshore wind energy by 2030, enough to power 10 million homes. "Floating wind technology in its early stages but it is an advanced technology that will lead to strong growth in the deployment of offshore wind." Winning bidders include California North Floating, RWE Offshore Wind Holdings, Central California Offshore Wind and Invenergy California Offshore.
☆ U.S. kicks off first California coast offshore wind auction
  + stars: | 2022-12-06 | by ( Nichola Groom | ) www.reuters.com   time to read: +2 min
Dec 6 (Reuters) - The United States on Tuesday is set to kick off the first sale of offshore wind development rights for waters off the coast of California, expanding the nascent domestic industry to the Pacific Ocean. "It puts California on a path to be a global hub for offshore wind technology," JC Sandberg, interim chief executive of the American Clean Power Association, said on a call with reporters. Previous federal offshore wind auctions have all been for leases in shallower waters of the Atlantic Ocean. The California sale is viewed as a test of industry appetite for investing in floating offshore wind technology, which to date has been limited to small pilot projects in places including Norway and Portugal. Companies approved to bid at the auction include established offshore wind players like Avangrid Inc (AGR.N), Orsted (ORSTED.CO) and Equinor (EQNR.OL), which are all developing projects on the U.S. East Coast.
☆ Sale jumpstarts floating, offshore wind power in U.S. waters
  + stars: | 2022-12-05 | by ( Associated Press | ) www.nbcnews.com   time to read: +8 min
The cost of developing offshore wind has dropped 60% since 2010 according to a July report by the International Renewable Energy Agency. Offshore wind is well established in the U.K. and some other countries but is just beginning to ramp up off America’s coasts, and this is the nation’s first foray into floating wind turbines. Europe has some floating offshore wind — a project in the North Sea has been operating since 2017 — but the potential for the technology is huge in areas of strong wind off America’s coasts, said Josh Kaplowitz, vice president of offshore wind at the American Clean Power Association. President Joe Biden set a goal of deploying 30 gigawatts of offshore wind by 2030 using traditional technology that secures wind turbines to the ocean floor, enough to power 10 million homes. Then the administration announced plans in September to develop floating platforms that could vastly expand offshore wind in the United States.
☆ Massachusetts wind power project 'no longer viable' without contract adjustments, says developer
  + stars: | 2022-10-31 | by ( Emma Newburger | ) www.cnbc.com   time to read: +1 min
The developer for a major offshore wind power project in Massachusetts has asked state regulators to pause review of the contract for one month, saying that global price hikes, inflation and supply chain shortages are disrupting the plan. The Commonwealth Wind project, which would supply 1,200 megawatts of offshore wind power starting in 2028, "is no longer viable and would not be able to move forward" without amendments to the power purchase agreement (PPA), according to a motion recently filed by the developer. The rising cost of the project comes as the U.S. aggressively ramps up its offshore wind industry. The Biden administration has set a target for permitting 30 gigawatts of offshore wind by 2030, enough to supply 10 million homes with clean energy while creating new domestic jobs. The Bureau of Ocean Energy Management is also set to hold its first-ever offshore wind lease sale on the West Coast in December, and to date has held 10 lease sales and issued 27 active commercial wind leases in the Atlantic Ocean from Massachusetts to North Carolina.
☆ U.S. sets March date for Gulf of Mexico drilling auction
  + stars: | 2022-10-20 | by ( ) www.reuters.com   time to read: +2 min
Oct 20 (Reuters) - The Biden administration on Thursday said it will hold a Gulf of Mexico drilling auction in March of next year to satisfy a requirement in the government's new climate change law. Register now for FREE unlimited access to Reuters.com RegisterThe sale would be the first Gulf of Mexico oil and gas auction mandated under the Inflation Reduction Act (IRA), which President Joe Biden signed into law in August. Biden paused drilling auctions on federal lands and waters shortly after taking office as part of a climate change agenda. The IRA requires that BOEM now hold offshore auctions in the Gulf of Mexico and Alaska that the administration canceled earlier this year. It is also in the process of finalizing a five-year proposal for offshore oil and gas development.
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