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Department of Interior Takes Steps to Update Offshore Wind Regulatory Scheme

The Energy Law

In advance of holding an offshore wind lease sale in the Gulf of Mexico, which is expected this summer, the Department of Interior recently took several steps to update the offshore wind regulatory framework. Establishing a Renewable Energy Leasing Schedule: Currently, BOEM announces offshore renewable lease sales individually.

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What 2024 Taught Us: From Offshore Discoveries to Net Zero Ambitions, What Mattered Most

Rextag

Offshore Wind Tipping Point: Projects like Vineyard Wind exemplified progress in offshore wind, but inflation-driven cost overruns and delays beyond 2030 highlighted the sectors financial vulnerabilities. Middle Eastern Unrest: Iran-Israel tensions heightened fears of supply chain disruptions, potentially escalating oil and LNG prices.