U.S. nixes planned offshore wind auction in second cancellation this year

seekingalpha09-29

The Biden administration postponed a planned auction of offshore wind development rights off the Oregon coast on Friday "due to insufficient bidder interest at this time." It was the second time this ...

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Oregon Governor Tina Kotek had asked the agency to terminate the current auction that was set for October 15, citing growing concerns from coastal and fishing communities, tribal groups and others. Five companies had qualified to participate in the sale, but just one expressed interest in bidding on the lease areas, BOEM said. 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Five companies had qualified to participate in the sale, but just one expressed interest in bidding on the lease areas, BOEM said. 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