Why offshore wind is facing headwinds

2024-12-25 10:33:15 source:lotradecoin versus binance comparison category:Invest

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.

More:Invest

Recommend

US weekly jobless claims unexpectedly rise

The number of Americans filing new applications for jobless benefits unexpectedly rose last week and

Here's what 'wealthy' means in 2023 America, in five numbers

What does it take to be wealthy in 2023? A million dollars in the bank? Two million? How about a sal

Israeli boy marks 9th birthday in Hamas captivity as family faces agonizing wait

KFAR SABA, Israel (AP) — Ohad Munder-Zichri turned 9 on Monday. But instead of celebrating at home w