Total, Duke Are Winners of Latest US Offshore Wind Auction

Published

© Fokke / Adobe Stock
© Fokke / Adobe Stock

France energy giant TotalEnergies and U.S. power company Duke Energy Corp were the winners of two offshore wind leases in federal waters off the coast of North and South Carolina on Wednesday, the Interior Department said in a statement.

Winning bids amounted to $315 million, with Duke paying $155 million and TotalEnergies paying $160 million.

The auction total was far less than the $4.37 billion in high bids generated at a February wind auction off the coast of New York and New Jersey.

The sale is part of the Biden administration's broad push to put wind turbines in federal waters along every U.S. coastline.

U.S. President Joe Biden has said the nascent offshore wind industry will create well-paying jobs while creating the carbon-free electricity needed to combat climate change. His administration aims to permit 30 GW of offshore wind by 2030.


(Reuters - Reporting by Nichola Groom, additional reporting by Valerie Volcovici; Editing by Aurora Ellis, Kirsten Donovan and Bernard Orr)

Current News

Sunda Energy Gains Exclusive Status for New Zealand Offshore Permit Bid

Sunda Energy Gains Exclusive S

DOF Inks Extension Deal for Skandi Nomad Subsea Vessel

DOF Inks Extension Deal for Sk

Petrobras Set to Receive $859M from Santos Basin Oil and Gas Partners

Petrobras Set to Receive $859M

Fugro Secures $168M EIB Financing for USV Tech Development

Fugro Secures $168M EIB Financ

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine