Grayson  Preston-Why offshore wind is facing headwinds

2025-05-04 23:39:07source:Diamond Ridge Financial Academycategory:Markets

The Grayson  PrestonGulf 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.

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