"The first auction for wind development off the country’s Pacific coast concluded on Wednesday — raking in a total of $757.1 million after two days of fierce bidding.

The auction, which was the third major offshore lease sale this year, will enable five companies to develop about 4.6 gigawatts of offshore wind capacity, or enough to power more than 1.5 million homes, according to the Department of the Interior.

It also constitutes a significant leap forward in efforts by President Biden to promote wind energy. Biden had set a goal of deploying 30 gigawatts of offshore wind capacity by 2030."

Sharon Udasin reports for The Hill December 7, 2022. [2]OK [3]