This special interest group is for professionals to connect and discuss all types of carbon-free power alternatives, including nuclear, renewable, tidal and more.

Post

BOEM | California Floating Wind leasing round winners, $750m

image credit: cal
Charley Rattan's picture
World Hydrogen Leader Charley Rattan Associates

UK based offshore wind & hydrogen corporate advisor and trainer; Faculty member World Hydrogen Leaders. Delivering global hydrogen and offshore wind corporate investment advice, business...

  • Member since 2019
  • 3,770 items added with 2,534,234 views
  • Dec 8, 2022
  • 256 views

 

BOEM | California Floating Wind leasing round winners, $750m raised  

Lease zones spread across two separate wind energy areas (WEA) off Morro Bay in central California and Humboldt County in the north are under auction.

The WEAs cover some 373,000 acres of Pacific deepwater -suitable for Floating Wind - and a resource expected by the Bureau of Ocean Energy (BOEM), the lead regulator of energy development in federal waters, to generate enough clean power for 1.6 million homes.

Equinor said its successful bid in the Morro Bay area in the southern California lease area had potential for circa 2 GW of offshore wind. RWE said the site it secured in Humboldt Bay off the north coast of California could host up to 1.6 GW of capacity. Ocean Winds said the lease it secured with CPP Investments can accommodate approximately 2 GW of offshore wind. Invenergy said its successful bid is expected to support up to 1.5 GW of capacity. The area won by California North Floating is expected to support approximately 838 MW

The average of $2k/acre is actually down on New York Bight’s ground-breaking $9k/acre for fixed-foundation sites some of the difference may involve offtake revenue and not far below the $2.9k/acre paid in May’s Carolina Long Bay lease auction for fixed-foundation sites

“The Biden-Harris administration believes that to address the climate crisis head on, we must unleash a new era of clean, reliable energy that serves every household in America. Today’s lease sale is further proof that industry momentum – including for floating offshore wind development – is undeniable,” said Secretary Deb Haaland. “A sustainable, clean energy future is within our grasp and the Interior Department is doing everything we can to ensure that American communities nationwide benefit.”

The interest and success of today’s sale represents a significant milestone toward achieving President Biden’s goal of deploying 30 gigawatts of offshore wind energy capacity by 2030 and 15 gigawatts of floating offshore wind capacity by 2035.

“The innovative bidding credits in the California auction will result in tangible investments for the floating offshore wind workforce and supply chain in the United States, and benefits to Tribes, communities, and ocean users potentially affected by future offshore wind activities. This auction commits substantial investment to support economic growth from floating offshore wind energy development – including the jobs that come with it,” said BOEM Director Amanda Lefton. “These credits and additional lease stipulations demonstrate BOEM’s commitment to responsibly grow the offshore wind industry to achieve our offshore wind goals.”

Join:  Floating Wind and Hydrogen

Discussions

No discussions yet. Start a discussion below.

Charley Rattan's picture
Thank Charley for the Post!
Energy Central contributors share their experience and insights for the benefit of other Members (like you). Please show them your appreciation by leaving a comment, 'liking' this post, or following this Member.
More posts from this member

Get Published - Build a Following

The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.

If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.

                 Learn more about posting on Energy Central »