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.
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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Latest US seabed auction saw prices drop to a third
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