Bureau of Ocean Energy Management
-
Twenty-six companies participated in what was the last GOM lease sale scheduled until 2025. -
The Coastal Virginia Offshore Wind project is expected to power 900,000 homes, support thousands of jobs, and add 2,600 MW of energy to the grid.
-
The Biden administration postpones Sale 261 while awaiting court ruling.
-
The lease auction aims to advance the president’s commitment to deploy 30 GW of offshore wind energy by 2030.
-
The lease area has the potential to support enough offshore wind power to run more than 1 million homes.
-
The Bureau of Ocean Energy Management says the increase is needed to keep pace with inflation.
-
Controversial Sale 259 was conducted as mandated by the Inflation Reduction Act of 2022.
-
The proposed sale notice consists of more than 300,000 acres in three designated areas offshore Louisiana and Texas.
-
The increase comes as federal agencies change fines to reflect inflation.
-
The Department of the Interior announced that the Bureau of Ocean Energy Management will publish a proposed rule to update regulations for clean energy development on the US Outer Continental Shelf.
