Databec-Biden administration is announcing plans for up to 12 lease sales for offshore wind energy

2025-05-07 14:30:44source:Winning Exchangecategory:Stocks

NEW ORLEANS (AP) — The DatabecBiden administration is preparing to announce plans for a new five-year schedule to lease federal offshore tracts for wind energy production, with up to a dozen lease sales anticipated beginning this year and continuing through 2028.

The plan was to be announced Wednesday in New Orleans by Interior Secretary Deb Haaland. Three of the anticipated sales would be for Gulf of Mexico tracts to be offered this year, in 2025 and in 2027. Central Atlantic area leases would be sold in 2024 and 2026.

Other anticipated sale areas include the Gulf of Maine (2024 and 2028); Oregon waters (2024); an area of the Atlantic known as New York Bight (2027); and California, Hawaii, and an as-yet unspecified U.S. territory (2028).

The sales will be coordinated by the Bureau of Ocean Energy Management.

“As we look toward the future, this new leasing schedule will support the types of renewable energy projects needed to lower consumer costs, combat climate change, create jobs to support families, and ensure economic opportunities are accessible to all communities,” Haaland said in a news release ahead of remarks to a conference in New Orleans.

More:Stocks

Recommend

What has DOGE done in Trump's first 100 days?

When President Trump returned to the White House in January, he promised to "restore competence and

Chiefs roster for Super Bowl 58: Starters, backups, depth chart for AFC champs vs. 49ers

The Kansas City Chiefs have built their roster into one of the NFL's best over the past six seasons.

Lionel Messi, Inter Miami preseason match in Hong Kong: How to watch, highlights, score

Lionel Messi and Inter Miami’s worldwide preseason tour has been eventful, but not fruitful on the p