We keep being told that companies are super excited to invest in “renewables”. So then why
First offshore wind auction in Gulf of Mexico attracts one winning bid
The Biden administration’s first-ever auction of offshore wind development rights in the Gulf of Mexico ended with a single $5.6-million winning bid on Tuesday, reflecting meager demand for the clean energy source in a region known for its oil and gas production.
Germany’s RWE won rights to 102,480 acres (41,472 hectares) off Louisiana for $5.6 million, while the other two lease areas on offer off Texas received no bids, according to results posted on the Bureau of Ocean Energy Management website.
RWE’s awarded site is 44 miles off the coast of Louisiana and has water depths of 10-25 meters. The company said that the lease area has the potential to host up to 2 GW of new capacity, enough to power over 350,000 US homes with clean energy. The project is expected to be in operation by the mid-2030s, contingent upon permitting timelines.
RWE said the Louisiana lease was attractive because the state has strong existing coastal port and supply chain infrastructure and a goal to install 5 gigawatts of offshore wind capacity by 2035. Texas does not have an offshore wind target.
And not even a U.S. based company. Few really see any reward on investment
But the overall result only represents a fraction of the billions of dollars of bids secured in an offshore wind lease sale off New York and New Jersey in February 2022, according to a Reuters analysis. Those states have passed laws that require utilities to buy power from offshore wind projects – mandates considered critical for a technology that is estimated to produce electricity at twice the cost of a natural gas plant.
Yeah, because they are forced to do it and will see some incredible government cash subsidies for it.
Read: What If They Held An Offshore Windfarm Permit Auction And No One Came? »
The Biden administration’s first-ever auction of offshore wind development rights in the Gulf of Mexico ended with a single $5.6-million winning bid on Tuesday, reflecting meager demand for the clean energy source in a region known for its oil and gas production.
On patrol in the harsh brush along the border in South Texas, Deputy Don White of the Brooks County Sheriff’s Office paused to study some empty water jugs, torn clothing and several indistinct footprints, looking for signs of migrants who might have been lost in the scorching heat.
From the moment I had a sense of the world, I had a sense that it was finite and we were destroying it. I learned about acid rain sometime during third grade. The idea of flesh-burning precipitation, coupled with a hole in the ozone layer that was going to destroy the planet and all of my favorite animals, used to make me itchy with stress. I remember begging my parents, who had very little disposable income, to become paying members of the World Wildlife Fund to save the whales. I talked about chlorofluorocarbons like I was a paid expert, afraid of stepping out into a storm for fear of melting. I was convinced the world was ending, and none of us, my friends and I, would live to see adulthood because of it.
Human-induced climate change could lead to the premature deaths of around one billion people in the next century, according to a study.
The uptick of Covid transmissions this summer has raised questions about whether or not certain safety measures such as wearing masks should be brought back.
Sunday was not a fun day for the thousands of people on their way to Burning Man. In the days leading up to the bacchanal, traffic is typically a nightmare on the two-lane highway that leads to the barren former lake bed in the Black Rock Desert, a national conservation area that, for a week every year, becomes known as Black Rock City, population 80,000.
Republican lawmakers expressed deep concern on Tuesday after reports surfaced of then-President Joe Biden using email aliases to conduct family business.

