News Formal

Five companies win California offshore wind energy leases

  • 📰 mercnews
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 68%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

The companies bid a total of $757.1 million for the 373,268 acres of ocean spaces where floating wind turbines can be erected to generate up to 4.5 gigawatts of electricity.

The Biden administration’s first-ever offshore wind energy lease sale for federal waters off the West Coast generated more than $750 million, as energy companies competed for five areas that could eventually be home toFive companies, including Equinor and Invenergy, bid on five lease areas totaling more than 370,000 acres off the coast of Northern and Central California. The two-day lease sale concluded on Wednesday.

The deep-water regions off the West Coast — and other coastal areas, including the Gulf of Maine — will require turbines to be installed on floating platforms and tethered to the sea floor. The platforms will also allow turbines to be installed farther from the coast. The lower bids in this week’s lease sale were due in part to the unique challenges of developing wind energy off the West Coast, Begala said. Because of the much deeper waters in Pacific, technology for floating offshore wind platforms is still being developed and tested.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 88. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Bird Holocaust.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

California Gov. Newsom pushing for oil company penalties in special sessionCalifornia Gov. Gavin Newsom is convening a special legislative session Monday urging lawmakers to pass a 'price gouging' penalty on oil company profits. This rich ass wants to be president! Gotta balance the budget somehow. how to destroy a state in 4 short years, strap yourself in for the next 4
Source: FoxBusiness - 🏆 458. / 53 Read more »

California eyes penalties for oil companies' big profitsCalifornia could become the first state to fine big oil companies for making too much money. 👏🏼👏🏼👏🏼👏🏼👏🏼🇺🇸💙🇺🇸 Fair is fair but GREED…is unacceptable! I don’t think the large oil companies have given any campaign money to the Socialists in California Government. Stop the Summer/Winter blend on gasoline. Also lower the tax on a gallon of gasoline.
Source: KPBSnews - 🏆 240. / 63 Read more »