"Interior Proposes 5-Year Schedule For Offshore Wind Sales"

"The Biden administration plans to mandate a five-year schedule for offshore wind auctions, mirroring the pace of offshore oil sale planning currently called for in federal law.

The schedule, a longtime ask of the budding wind industry, is one of several updates the Interior Department recommended Thursday in a proposed rule that would revise the decade-old standards that govern renewable energy off the nation’s coasts.

Developers are expected to build the first large-scale offshore wind farms in the U.S. this year, the beginning of a potentially rapid expansion in offshore wind power due to mature technology, coastal state support and the Biden administration’s target of raising enough wind farms by 2030 to power 10 million homes."

Heather Richards reports for E&E News January 12, 2023.


Source: E&E News, 01/13/2023