First Gulf of Mexico wind energy lease auction nets modest $5.6 million bid

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First Gulf of Mexico wind energy lease auction nets modest $5.6 million bid
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In a pioneering move for the Gulf of Mexico, a company has placed a $5.6 million bid to lease federal waters off the coast of Louisiana for wind energy generation.

has yet to implement a planned tax credit for hydrogen — another possible drag on immediate interest in Gulf wind leases, the report said.

Other factors bode well for eventual wind development in the Gulf."While RWE may be the only company to have won a bid for federal waters in the Gulf, there are a few companies interested in pursuing offshore wind in Louisiana state waters," Clearview said."We note Louisiana lawmakers enacted a law last year that expanded the size of allowable offshore wind leases in state water.

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