{"id":1979221,"date":"2023-07-21T06:56:01","date_gmt":"2023-07-21T10:56:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-admin-announces-first-offshore-wind-sale-in-gulf-of-mexico\/"},"modified":"2023-07-21T07:00:18","modified_gmt":"2023-07-21T11:00:18","slug":"biden-admin-announces-first-offshore-wind-sale-in-gulf-of-mexico","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-admin-announces-first-offshore-wind-sale-in-gulf-of-mexico\/","title":{"rendered":"Biden Admin unveils Gulf of Mexico&#8217;s inaugural offshore wind sale."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-admin-announces-first-offshore-wind-sale-in-gulf-of-mexico%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1979221&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"post_content\">\n<p>The Biden \u2062administration is \u2063<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mlb-focuses-recruitment-on-diversity-to-bring-in-more-black-players\/\" title=\"MLB prioritizes diversity in recruitment for increased black player representation.\">making significant strides<\/a> in renewable energy with the announcement of\u2063 an <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fishing-industry-pushes-back-on-biden-admin-mega-wind-project\/\" title=\"Fishing Industry Pushes Back On Biden Admin Mega Wind Project\">offshore wind energy<\/a> auction in the Gulf of Mexico. This groundbreaking sale, set to take place in August, marks the first of its kind in the area.<\/p>\n<p>Located off the coasts of Texas and Louisiana, these three leases have the potential to generate an impressive 3.7 gigawatts (GW) \u2064of\u2064 power, which could supply nearly 1.3 million homes,\u2063 according to\u2062 the U.S. Department of the Interior (DOI).<\/p>\n<p>The auction, organized by the Bureau of \u200dOcean\u200d Energy Management, is scheduled for August 29th. This event is a crucial step towards \u2063the Biden administration&#8217;s goal of deploying \u200c30 \u200bGW of offshore wind energy by 2030, ultimately leading \u2063to a &#8220;<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-admin-announces-first-offshore-wind-sale-in-gulf-of-mexico\/\" title=\"Biden Admin unveils Gulf of Mexico's inaugural offshore wind sale.\">carbon-free \u200delectricity sector<\/a>&#8221; by 2035.<\/p>\n<p>President Joe Biden himself emphasized the significance of this endeavor \u2062during a\u200c visit to Philadelphia, stating, \u200c&#8221;Thirty gigawatts is enough \u200bto power 10 million homes, and it&#8217;ll help put us on \u200ba path \u2064to 100 percent clean energy [electricity] by 2035.&#8221;<\/p>\n<h2>Details\u2062 of Auction<\/h2>\n<p>During the auction, companies will compete for the right to develop approximately 102,480\u200c acres offshore Lake Charles, Louisiana, as well as two other lease areas totaling nearly 200,000 acres offshore Galveston, Texas. These companies will have\u2062 the opportunity to contribute to the growth of offshore wind energy.<\/p>\n<p>To \u2064accelerate this\u200c growth, the Biden \u2063administration has committed to providing extended \u2062tax credits under the Inflation Reduction Act and Bipartisan Infrastructure Law. These incentives\u200c aim \u200dto bolster manufacturing \u200cand deployment in the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pete-buttigieg-delivers-241m-to-besieged-u-s-ports-to-ease-supply-chain-woes\/\" title=\"Pete Buttigieg Delivers 1M to Besieged U.S. Ports to Ease Supply Chain Woes\">offshore wind industry<\/a>.<\/p>\n<p>Moreover, the Gulf auction will\u2062 offer credits of up\u200b to 30 percent of the bid&#8217;s \u2062cash value for workforce development, supply chain investment, and\u2063 fisheries compensation funds.<\/p>\n<p>Several prominent\u200c energy companies, including Equinor, Shell, \u2062RWE, and TotalEnergies, have already prequalified to bid at the auction. These \u200ccompanies, which are also involved in U.S. offshore wind leases,\u2062 bring \u200cvaluable expertise to the table. Notably, Equinor and Shell have significant oil and gas operations in the Gulf.<\/p>\n<p>Joining these established\u2062 players are newer entrants\u2062 to\u200b the U.S. offshore wind industry, such \u2062as divisions of\u200b South Korea&#8217;s Hanwha, U.S. renewable \u200cenergy developer Hecate Energy, and \u200cHouston private equity firm Quantum Capital.<\/p>\n<p>The\u200c Final Sale Notice, which will be published in the Federal Register on July 21st, \u2063will \u2064provide comprehensive information about the lease\u200c areas, provisions, conditions, and auction \u200bdetails.<\/p>\n<p>Offshore winds offer unique\u2064 advantages, as they tend to blow harder and \u200bmore \u200cuniformly than on land. This means they have the potential to produce significantly more \u2062energy per unit \u200bof capacity installed.<\/p>\n<p>However, the Gulf region presents\u200c its own set of challenges, including\u200b relatively lower wind speeds, soft soils, and the threat of hurricanes. Additionally, the\u200c Southeastern United \u200dStates has low\u2064 power \u200dprices, which could pose a challenge \u2064for \u200doffshore \u200bwind generation to compete for electricity contracts.<\/p>\n<p>The process of identifying the auction areas in \u2064the Gulf was meticulously\u2064 conducted, prioritizing operational efficiency and minimizing adverse interactions with other industries or natural resources.\u200d Michael Celata, BOEM&#8217;s regional director for the Gulf of Mexico, emphasized the\u200d scientific rigor behind this selection \u2064process in \u200can internal\u2062 memo.<\/p>\n<h2>Concerns<\/h2>\n<p>A comprehensive report compiled by federal agencies, including the National Ocean\u2064 and Atmospheric Administration (NOAA) and BOEM, along with the Responsible Offshore Development Alliance, highlights potential concerns \u200cregarding the impact of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-top-energy-regulator-lobbied-for-company-behind-admin-approved-wind-farm\/\" title=\"Biden\u2019s Top Energy Regulator Lobbied for Company Behind Admin-Approved Wind Farm\">offshore wind farms<\/a> on fishing and the marine environment. The report emphasizes the need for further\u2064 research \u200cto ensure responsible development.<\/p>\n<p>Specifically, the report addresses issues such as noise, vibration, electromagnetic fields, and heat transfer associated\u2062 with offshore wind farms, which could \u200cpotentially alter\u200b the marine \u2062environment and impact fish behavior. It also raises concerns\u2063 about the\u200c displacement of fishermen from established fishing \u200dgrounds.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Biden administration plans to conduct an offshore wind energy auction in the Gulf of Mexico in August, marking the region&#8217;s inaugural sale. Situated off the coasts of Texas and Louisiana, the three leases possess the capacity to produce around 3.7 GW, supplying electricity to nearly 1.3 million individuals.<\/p>\n","protected":false},"author":183,"featured_media":1979222,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[],"class_list":["post-1979221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1979221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/183"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1979221"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1979221\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1979222"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1979221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1979221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1979221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}