Happy Wednesday and welcome back to another day of ESC News Blog.
There’s been a
couple articles in The Houston Chronicle’s Business Section the last
couple days in response to the first offshore wind action auction for the Gulf of
Mexico. Did anyone happen to see The
Houston Chronicle’s Business Section on August 30, 2023, their article titled,
“Offshore auction draws little interest – German energy firm agrees to pay $5.6
million to develop massive wind farm off Lake Charles”? In the article, it speaks about the Department
of Interior’s Bureau of Ocean Energy Management’s (BOEM) first Gulf of Mexico offshore wind lease auction which happened yesterday, August
29, 2023, which had an area off Lake Charles (102,480-acres) and two off
Galveston Island (102,480-acres and 96,786-acres) which were on the bidding block.
RWE Offshore US Gulf, a German energy
company won the bid with $5.6 million far less than an offshore wind lease goes
for in the Atlantic, but still a good start for the Gulf Coast. Unfortunately, the Galveston Island acreage received
no bids, but this isn’t surprising considering Texas is a leader in wind energy
onshore, electric is cheaper in Texas, higher risk of hurricanes, and less wind
speed, than the Northeast Coast. There wasn’t
anything about what’s next for the acreage that wasn’t leased or what area is
next on the bidding block for offshore wind energy. If you would like to read more of The Houston Chronicle’s article for free
on MSN Start, please click the link: First offshore wind auction in Gulf draws limited interest (msn.com).
If you would
like help in looking into how to transport your product efficiently and with
less of a carbon footprint, contact us via the email in the blog and check out
our ESC's website!
We hope you have a wonderful evening and a great week!
**Disclaimer: You may be charged a fee to read The
Houston Chronicle’s article. **