Wind Energy – U.S.A.
According to Reuters Biden administration’s auction of offshore development rights along coastal areas of New York and New Jersey exceeded all expectations on Thursday, soaring to over $3.3 billion, and bidding being a bit delayed.
This auction started on Wednesday and is scheduled to resume on Friday it is the first sale of offshore wind leases under the presidency of Joe Biden, who sees expanding offshore wind as an opportunity to combat climate change and create thousands of jobs.
The U.S. Bureau of Ocean Energy Management (BOEM), that oversees the development of energy across federal waters is now offering six leases covering 488,201 acres (197,568 acres) in The New York’s Long Island and New Jersey which is called Bight of New York. New York Bight.
This auction is the biggest U.S. offshore wind auction ever. The energy produced by the auctioned areas could power up to 2 million houses, the administration stated.
The live bids that were combined at the close that day after bids of 46 rounds was $3.35 billion as per BOEM’s site. The sum was nearly double that of the total bids for the past five years of federal offshore auctions of gas and oil throughout the Gulf of Mexico.