Only two companies make bids for right to develop offshore wind off Gulf coast, in setback for administration’s green-energy plans
The Biden administration on Tuesday held the first ever auction for the right to develop offshore wind in the Gulf of Mexico, with just one of the three available leases provisionally awarded and only two bidders.
The historic sale fell on the anniversaries of 2005’s Hurricane Katrina and 2021’s Hurricane Ida, climate crisis-fueled disasters that devastated Gulf communities. It also comes the day after the Gulf cities of New Orleans and Houston saw their hottest temperatures in recorded history, and as the largest wildfire in state history ravages Louisiana.