The results of the Bureau of Ocean Energy Management’s (BOEM’s) recent auction of the Gulf of Mexico (Gulf) lease areas sharply depart from recent auctions and may signal uncertainty about current prospects for offshore wind...more
In 2023, federal agencies are poised to deliver rapid advancements in the development of offshore wind projects in the United States. In particular, the Biden administration’s Bureau of Ocean Energy Management (BOEM)—the...more
The U.S. offshore wind market has surged in growth over the last few years, bolstered by the U.S government’s commitment in 2021 to increase offshore wind lease capacity as well as the Biden Administration’s declaration that...more
4/26/2022
/ Asset Management ,
Biden Administration ,
BOEM ,
Energy Policy ,
Energy Projects ,
Energy Sector ,
FERC ,
Offshore Wind ,
Project Finance ,
Regulatory Requirements ,
Renewable Energy ,
Wind Farm ,
Wind Power
The Bureau of Ocean Energy Management (BOEM) will hold its next offshore wind lease auction on 11 May 2022, for two lease areas in the Carolina Long Bay. The lease areas comprise 110,091 acres off the coast of North and South...more
Offshore wind is in high demand, as evidenced by the US$4.37 billion in winning bids generated in the recent federal government auction of lease blocks in the New York Bight. On a per-acre basis, the provisional winners were...more
The flurry of offshore wind activity off the U.S. Eastern Seaboard continues, as the Bureau of Ocean Energy Management (BOEM) has announced recently it will hold an auction on 23 February 2022, to lease six new areas for...more
New Legislation Would Extend Investment Tax Credit to Standalone Storage - On 9 March 2021, a bipartisan group of federal lawmakers introduced the “Energy Storage Tax Incentive and Deployment Act” (H.R. 1684/S. 627), a...more