Avangrid Inc AGR:NYSE

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US Government to Potentially Hold 7 Offshore Wind Lease Sales by 2025

4:41AM ET 10/14/2021 MT Newswires
The US Bureau of Ocean Energy Management plans to potentially hold up to seven new offshore wind lease sales by 2025 under a new offshore wind leasing strategy, a statement released by the US Department of the Interior referencing a speech delivered by Interior Secretary Deb Haaland, said on Wednesday.

The strategy, outlined by Haaland at the American Clean Power's Offshore Windpower Conference & Exhibition, is expected to help the Biden administration reach its goal to deploy 30 gigawatts of offshore wind energy by 2030.

The potential offshore lease sales will be held in the Gulf of Maine, New York Bight, Central Atlantic and Gulf of Mexico, as well as offshore the Carolinas, California and Oregon, according to the statement.

The Bureau of Ocean Energy Management is considering lease stipulations consistent with the goals and objectives of the Outer Continental Shelf Lands Act, which include lessee reporting requirements on efforts to minimize conflicts with other ocean users; mechanisms for project labor agreements; and investments in the US domestic supply chain, the statement added.

The statement said that the Bureau is also refining its process for identifying additional areas suitable for offshore wind energy leasing.