The first-ever U.S. auction of leases to develop commercial-scale floating wind farms in the deep waters off the West Coast attracted $757 million in winning bids from mostly European companies, in a project watched by other regions and countries.
PORTLAND, Ore. — The first-ever U.S. auction of leases to develop commercial-scale floating wind farms in the deep waters off the West Coast attracted $757 million in winning bids Wednesday from mostly European companies, in a project watched by other regions and countries just getting their own plans for floating offshore wind started.
, and this is the nation’s first foray into floating wind turbines. U.S. auctions so far have been for those anchored to the seafloor. Industry experts say the lower bids this week are likely due to the lack of maturity in the offshore wind market on the West Coast and the nascent technology involved in anchoring floating wind farms in deep ocean waters. Uncertainties about transmission infrastructure, siting and permitting also played a role, they said.
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