Tag Archives: Invenergy

Election Jitters, Industry Headwinds Undermine Biden’s Final Offshore Wind Auction

A U.S. auction of offshore wind development rights in the Gulf of Maine on Tuesday drew bids for only half of the eight offered leases, for a total of just $21.9 million in high bids, in the latest sign of deep industry malaise. The sale was a stark display of the lack of industry appetite for new investment after a year of high-profile setbacks that include canceled projects, two shelved lease sales in Oregon and the Gulf of Mexico and a construction accident at the nation’s first major offshore wind project. The auction was the last before President Joe Biden, a Democrat, leaves office in January. more, >>CLICK TO READ<< 07:25