New Energy
California Offshore Wind Auction Is Second-Biggest in Clamor for Renewable Power
- Clean energy clamor spurs second-biggest offshore wind auction
- Five companies spent $757 million buying Pacific tracts
Photographer: Chris Ratcliffe/Bloomberg
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European energy heavyweights dominated a government auction of offshore wind rights Wednesday, with successful bidders spending a combined $757 million on leases for floating renewable power projects along the coast of California.
The winning bidders included US joint ventures and units affiliated with Norwegian oil giant Equinor ASA, France’s Engie SA and Denmark’s Copenhagen Infrastructure Partners P/S.