First West Coast offshore wind lease auction generates $757 million, lagging East Coast result

Utility Dive

Five companies are the provisional winners of the offshore wind leases available for up to 4.6 GW from floating turbines off of California’s central and northern coasts, the Bureau of Ocean Energy Management, or BOEM, announced Dec. 7.

While the auction is a significant first step, many more are needed to bring California’s floating wind turbine industry to fruition, including a U.S.-based supply chain, new transmission and offtake agreements.

“We are going to pop some champagne bottle corks tonight,” Matthew Marshall, executive director of the Humboldt-based Redwood Coast Energy Authority, or RCEA, said during a Wednesday phone call.

Read more here: First West Coast offshore wind lease auction generates $757 million, lagging East Coast result | Utility Dive