FOX Enterprise’ Kelly O’Grady speaks to Fraser Institute Senior Fellow Cornelis van Kooten on wind energy’s land area and effectivity points.
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 Block Island wind farm, from Montauk Level, on Lengthy Island, New York, on April 16, 2021. (Picture by Mark Harrington/Newsday RM through Getty Photographs) | Getty Photographs
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.
MACRON IS RIGHT, BIDEN’S ENERGY POLICY HAS SEVERAL ‘GLITCHES’: NICK LORIS
| Ticker | Safety | Final | Change | Change % |
|---|---|---|---|---|
| EQNR | EQUINOR ASA | 35.99 | +0.03 | +0.08% |
| RWEOY | RWE AG | 44.28 | +0.03 | +0.07% |
| NKW.H | n.a. | n.a. | n.a. | n.a. |
| ENGIY | ENGIE SA | 15.21 | +0.04 | +0.26% |
| EDRVF | EDP RENOVÁVEIS SA | 22.85 | +0.49 | +2.19% |
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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