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U.S. identifies possible wind power areas off Oregon, Atlantic coasts

(Reuters) - The Biden administration on Wednesday identified new areas for potential offshore wind development off the coasts of Oregon and several central Atlantic states, its...
U.S. identifies possible wind power areas off Oregon, Atlantic coasts © Reuters. FILE PHOTO: A crane hangs over the first jacket support structure installed to support a turbine for a wind farm in the waters of the Atlantic Ocean off Block Island, Rhode Island July 27, 2015.REUTERS/Brian Snyder

(Reuters) - The Biden administration on Wednesday identified new areas for potential offshore wind development off the coasts of Oregon and several central Atlantic states, its latest step toward bolstering the nascent U.S. industry.

Offshore wind is a key pillar of President Joe Biden's plan to fight climate change by decarbonizing the U.S. power sector by 2035 and the entire economy by 2050.

Wednesday's announcement by the Bureau of Ocean Energy Management, part of the Department of Interior, is the first step in designating areas that will be auctioned to companies seeking to build offshore wind farms.

The Bureau of Ocean Energy Management identified two areas, known as call areas, for possible leasing off the coast of Oregon in the Pacific Northwest. The two areas, representing a combined 1.16 million acres, are about 12 nautical miles from the shore in central and southern Oregon.

The agency, which oversees offshore wind development, also identified six areas, or 3.9 million acres, between Delaware and North Carolina. The areas are about 20 nautical miles or more from shore.

To date, most of the progress in offshore wind development in the United States has happened in the Northeast, but the Biden administration aims to hold up to seven lease sales by 2025 in areas including the Gulf of Mexico, California, Oregon, the Carolinas and the Gulf of Maine.

The newly identified areas will be whittled down after BOEM considers input from the public, industry, federal agencies and state and tribal governments.

BOEM said it will accept public comments on the call areas for 60 days ending on June 28.

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01-05-2024 10:45:17 (UTC+7)

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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