New US Floating Offshore Wind Auction Caps Run Of Bad News For Fossil Energy
If fossil energy stakeholders in the US seem a little desperate these days, that’s not an accident. Federal policymakers are getting set to introduce more than 4.5 new gigawatts of floating offshore wind turbines to California. Meanwhile, interest in electric vehicles is surging, NASA is bearing its satellite power down on methane super-emitters, local jurisdictions are banning gas hookups from new buildings, and just about everyone is chasing the green hydrogen unicorn.
The US should be leading the global floating turbine race, considering that the Department of Energy was among the early funders ofStill, other nations are well on their way to establishing floating offshore wind farms, while the US is just getting started. The US is starting with a bang, though. The US Department of the Interior has been deploying a streamlined process for leasing federal offshore wind areas along the Atlantic coast.
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