The U.S. government hoped companies would want to build wind farms off the Texas coast. No one did.

📆 30/8/2023 10:06 AM
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Offshore wind advocates blame Texas’ antagonistic political climate for the lack of offers. A lease off the coast of Louisiana received two bids.

Two companies did compete for a lease offered Tuesday off the coast of Louisiana, where state leaders have supported offshore wind development by setting a goal for offshore wind energy production, said Jenny Netherton, senior program manager for the advocacy group Southeastern Wind Coalition.

Economic factors might also have hindered developer interest because Texas already has abundant, cheap renewable power built on land that could be difficult to compete against, said Becky Diffen, a project finance partner with law firm Norton Rose Fulbright.

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The U.S. government hoped companies would want to build wind farms off the Texas coast. No one did.Offshore wind advocates blame Texas’ antagonistic political climate for the lack of offers. A lease off the coast of Louisiana received two bids.
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