US offshore wind tender fails miserably

Only one in three acreages in the Gulf of Mexico attracted bids — and with a 94 percent price drop compared to last year’s offshore tender in New York.

For many years to come, it seems that oil rigs rather than offshore wind turbines will continue to dominate the view in the Gulf of Mexico. | Photo: Polfoto/ap/daniella Beccaria

by MAZ PLECHINGER

A nerve-wracking drama unfolded when the US Offshore Wind Authority held the tender of five pieces of seabed off the coast of New York last February. Over 3 days and 64 rounds, most of the industry’s heavyweights fought intensely to lease the areas for potential offshore wind farms. A contest that ended up costing the US treasury a staggering USD 4.37bn.

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