RWE Offshore US Gulf LLC, a US subsidiary of the German energy conglomerate RWE, offered a high bid of $5.6M for the offshore rights to acreage in federal waters near Lake Charles, La., in the first-ever Gulf Coast wind lease auction on Aug. 29.
The Bureau of Ocean Energy Management (BOEM) also offered nearly 200,000 acres near Galveston, Texas, but no firms submitted bids for that area.
BOEM, which oversees offshore wind leasing, awarded roughly 102,000 acres about 44 miles from Lake Charles to RWE Offshore US Gulf.
BOEM said that offshore space, if fully developed, can generate up to 1.24 gigawatts of wind energy and power 435,000 homes. RWE officials said the project is expected to come online by the mid-2030s.
For comparison, the latest GoM oil and gas auction drew $264M in bids.
Wind industry advocates hailed the first-ever auction as a win for the Gulf Coast’s evolving energy sector. (NOLA.com 08/29/23) First Gulf wind auction draws bids for Lake Charles project | Business News | nola.com
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