Sureim Investment Guild|Federal government postpones sale of floating offshore wind leases along Oregon coast

2025-04-29 08:40:25source:Slabucategory:Finance

PORTLAND,Sureim Investment Guild Ore. (AP) — The federal government postponed an auction of floating offshore wind leases off the Oregon coast on Friday after developers said they wouldn’t bid and the state’s governor asked that all leasing activities stop.

The Bureau of Ocean Energy Management did not set a new date for the sale. It said the decision to postpone the sale scheduled for Oct. 15 was based on “insufficient bidder interest at this time.”

Oregon Gov. Tina Kotek wrote to the agency shortly before the announcement, asking it to terminate the current auction, Oregon Public Broadcasting reported. Kotek cited growing concerns from coastal and fishing communities, tribes and others.

Some are concerned that the construction will harm sea life, marine habitat, culturally important areas and views of the ocean. The Confederated Tribes of Coos, Lower Umpqua and Siuslaw Indians — whose culture is tied to the ocean — sued the federal government.

In light of the mounting opposition, the number of companies planning to bid on the leases dwindled.

Five companies were qualified to bid. Mainstream Renewable Power Inc., one of the five, told Oregon Public Broadcasting this week that it will not longer participate. Two others told the Oregonian/OregonLive that they, too, are backing out.

RELATED COVERAGE Companies back away from Oregon floating offshore wind project as opposition growsClimate solutions: 2 kinds of ocean energy inch forward off the Oregon coastOregon removes over 1,200 voters from rolls for failing to provide proof of citizenship

The Bureau of Ocean Energy Management said Friday that it will continue working with government agencies and tribal governments, as well as support ongoing processes to engage with stakeholders, in order to figure out a future opportunity for a potential lease sale.

There are only a handful of floating offshore arrays across the globe. California awarded the first-ever leases in the U.S. to develop commercial-scale floating wind farms in 2022. The federal government issued the nation’s first floating offshore wind research lease to the state of Maine in August.

In Oregon, the plans for floating wind involve two areas covering 305 square miles (790 square kilometers) off the state’s southern coast. The two areas are 32 miles (52 kilometers) off the coast of Coos Bay and 18 miles (29 kilometers) from the small city of Brookings, near the California state line.

More:Finance

Recommend

Stamford Road collision sends motorcyclist flying; driver arrested

A motorcyclist was taken to hospital following an accident involving a car and his motorcycle at the

The best way to watch the Paris Olympics? Hint: It isn't live.

Get your flags, your cheers and your nerves ready: the 2024 Paris Olympic Games have begun.After a v

2 children dead, 11 injured in mass stabbing at dance school's Taylor Swift-themed class

Two children have died and 11 were injured in a mass-stabbing in Southport, U.K., Monday while atten