Current:Home > MarketsWhy offshore wind is facing headwinds -Quantum Finance Bridge
Why offshore wind is facing headwinds
View
Date:2025-04-19 05:26:04
The Gulf 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.
Related Episodes
A Man, a plan, wind power, Uruguay (Spotify/Apple)
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
veryGood! (5499)
Related
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- 'Stax' doc looks at extraordinary music studio that fell to financial and racial struggles
- Orioles legend Cal Ripken Jr. thinks Jackson Holliday may have needed more time in the minors
- The sequel has been much better for Luka Doncic and Kyrie Irving as Mavs head to West finals
- $73.5M beach replenishment project starts in January at Jersey Shore
- Kyle Larson qualifies 5th for 2024 Indy 500, flies to NASCAR All-Star Race, finishes 4th
- How the Dow Jones all-time high compares to stock market leaps throughout history
- Why US Catholics are planning pilgrimages in communities across the nation
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Cassie's Lawyer Responds After Sean Diddy Combs' Breaks Silence on 2016 Assault Video
Ranking
- The Super Bowl could end in a 'three
- Inter Miami vs. D.C. United updates: How to watch Messi, what to know about tonight’s game
- Closing arguments set in trial of University of Arizona grad student accused of killing a professor
- Did you know Paul Skenes was an Air Force cadet? MLB phenom highlights academies' inconsistent policy
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- The Race to Decarbonize Heavy Industry Heats Up
- WNBA investigating Las Vegas Aces after every player received $100,000 in sponsorship
- Child is among 3 dead after Amtrak train hits a pickup truck in upstate New York
Recommendation
What do we know about the mysterious drones reported flying over New Jersey?
Helicopter carrying Iran’s president suffers a ‘hard landing,’ state TV says, and rescue is underway
The Race to Decarbonize Heavy Industry Heats Up
Sportswear manufacturer Fanatics sues Cardinals rookie WR Marvin Harrison Jr., per report
US appeals court rejects Nasdaq’s diversity rules for company boards
Q&A: Kevin Costner on unveiling his Western saga ‘Horizon’ at Cannes
'I Saw the TV Glow' director breaks down that emotional ending, teases potential sequel
Get a free Krispy Kreme doughnut if you dress up like Dolly Parton on Saturday