The Grist Report: Hope for Wind Energy

Author:

Category:

A lease for offshore wind development went for a record-breaking bid in February, reports Grist, signaling that investors and developers see potential in offshore wind. When the Biden administration leased almost half a million acres of the Atlantic Ocean for offshore wind development, fourteen companies drove up the bid to a closing price of $4.37 billion. The largest tract went to Bight Wind Withholdings for $1.1 billion.

This per-acre lease price is nine times what companies paid in the last U.S. offshore wind auction. This comes as state and federal policy support for the industry has grown. This latest sale may be a building block toward Biden’s goal of developing enough offshore wind power to supply 10 million homes with energy by 2030.

Latest Stories

POLL: Would You Buy Solar from Ikea?

Would you be more likely to purchase solar panels if they were available at a large...

Dear Dot: Any Ideas for Earth-Friendly Wrapping Paper?

Dear Dot, My 10-year-old daughter is very eco-conscious and doesn’t want her gifts wrapped in anything that...

Humans in Bird Costumes Bring Whooping Cranes Back to Louisiana’s Wetlands

Eva Szyszkoski grew up on a farm on Michigan’s Upper Peninsula where her family always had...

RECIPE: Chicken Tikka Masala

Everyone loves Nicole Cabot’s slow-cooked tikka masala, perfectly spiced with fork-tender pieces of chicken. It can...

RECIPE: Roasted Apple, Pear, and Beet Salad

This is the time of year to focus on buying and eating root vegetables like beets....

RECIPE: Roasted Squash and Chestnut Tart

This savory tart is a colorful festival of autumnal flavors and a portable option to bring...

Mr. Fix-it: How to Insulate Your Attic (And Why You Should)

Mr. Fix-it helps you get more life out of your stuff. Why buy something new if...
Bluedot Living
Bluedot Living
Bluedot Living Magazine is a sustainable living magazine and website with locations throughout North America.

Read More

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here