The Biden administration’s sale of offshore wind growth rights off the coast of California drew $757.1 million in excessive bids, primarily from European builders in search of a foothold within the home business’s growth to the Pacific Ocean.
Winners of the 5 leases have been primarily divisions of European vitality corporations which might be already creating tasks within the U.S. offshore wind market.
The winners included Norway’s Equinor ASA, Denmark’s Copenhagen Infrastructure Companions, Germany’s RWE AG, Ocean Winds, which is a three way partnership between France’s Engie and Portugal’s EDP Renewables, and U.S. developer Invenergy LLC.
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The public sale, which started on Tuesday and stretched into Wednesday, is a part of the administration’s plan to place wind generators alongside each U.S. shoreline to sort out local weather change and create jobs.
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