Current:Home > ContactWhy offshore wind is facing headwinds -FinTechWorld
Why offshore wind is facing headwinds
FinLogic FinLogic Quantitative Think Tank Center View
Date:2025-04-11 00:27:53
The Gulf of Mexico saw its first-ever auction of leases for offshore wind this summer. It was another sign of the Biden administration's desire to get more renewable energy online as fast as possible. Expectations were high for the sale with over a dozen companies expressing interest. But two of the three patches of sea didn't get any bids at all.
Today, we look at one clean energy experiment and see what choke points remain for offshore wind.
Related Episodes
A Man, a plan, wind power, Uruguay (Spotify/Apple)
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
veryGood! (1649)
Related
- Meet first time Grammy nominee Charley Crockett
- Here's What Skincare Teens and Tweens Should Actually Be Using, According to a Dermatologist
- Is Wall Street's hottest trend finally over?
- Henry Fambrough, last surviving original member of The Spinners, dies at 85
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Aaron Rodgers tells Joe Rogan he's lost friends, allies, millions over his COVID-19 beliefs
- 'It’s Coca-Cola, only spiced': New Coke flavor with hints of raspberry and spice unveiled
- Lionel Messi plays in Tokyo, ending Inter Miami's worldwide tour on high note
- Meet first time Grammy nominee Charley Crockett
- Marianne Williamson suspends her presidential campaign, ending long-shot primary challenge to Biden
Ranking
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- NTSB to release cause of fiery Norfolk Southern derailment in eastern Ohio at June hearing
- Santa Anita postpones Friday’s card in wake of historic rains in Southern California
- NFL, NBA caught by surprise on mega sports streaming service announcement
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Funeral home owner accused of abandoning nearly 200 decomposing bodies to appear in court
- What is Lunar New Year and how is it celebrated?
- Pose Actress Cecilia Gentili Dead at 52
Recommendation
'Most Whopper
Ex-Oakland police chief sues city and mayor to get his job back
Georgia family plagued by bat infestation at Savannah home: 'They were everywhere'
Cargo train locomotive derails in Colorado, spilling 100s of gallons of diesel
Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
Black people more likely to sleep less after some police killings, study says. It's detrimental for their health
Donna Kelce offers tips for hosting a Super Bowl party: 'I don't want to be in the kitchen'
From exclusive events to concerts: Stars and athletes plan to flock Las Vegas for Super Bowl events