Biden Administration Announces Major Expansion of Offshore Wind Leases Through 2028

The new five-year plan includes 12 offshore wind lease auctions aimed at bolstering the struggling U.S. wind industry and achieving renewable energy goals.

The Interior Department will conduct 12 offshore wind lease auctions by 2028, starting with four this year.
Locations include the Atlantic, Pacific, Gulf of Mexico, and U.S. territories, with a focus on areas like California and Hawaii.
The plan is part of efforts to meet President Biden's target of 30 gigawatts of offshore wind power by 2030.
Recent setbacks include developers canceling projects due to high costs and supply chain issues.
The initiative contrasts with a scaled-back offshore oil and gas leasing plan, highlighting a shift towards renewable energy.