US offshore wind sites will cost major sums in the future
If there was ever any doubt that oil majors entering offshore wind would transform the entire industry, that doubt is now finally laid to rest, says analyst after a record auction for sites that are in fact not particularly attractive.
In August, the US held what the Trump administration has dubbed the largest sale of offshore licenses in history. An area in the Gulf of Mexico corresponding to the size of Poland was up for auction, attracting interest from oil industry heavyweights such as Shell and Equinor. In the end, an area roughly the size of Luxembourg was subscribed for a price of USD 178 million.
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