Gulf of Mexico
Alex Kimani / OilPrice.com

GOM - The Gulf Of Mexico Is Gearing Up For A Wind Energy Boom

The Biden Administration is considering a giant offshore wind project in the Gulf of Mexico, an area with plenty of potential and a long history of energy production.

  • The Biden Administration is considering a giant offshore wind project in the Gulf of Mexico, an area with plenty of potential and a long history of energy production.
  • The Gulf of Mexico already has a workforce that is accustomed to working on rigs in the ocean, so it would be a slight evolution rather than creating an industry.
  • One major advantage of offshore wind facilities is that they can be built on very large scales to directly offset the closures of major coal and nuclear plants.

Back in January, the Biden administration outlined a range of clean energy initiatives, key among them plans to hold the largest-ever sale of offshore wind leases in U.S. history and accelerate the deployment of new power lines to transmit renewable electricity across the country.

 At the center of the offshore push was the sale of six commercial leases in the New York Bight between Long Island and New Jersey in February, the most successful offshore wind lease auction in history. The 488,000 acres offshore wind lease auction fetched a record $4.37 billion from companies looking to develop the waters. The installed capacity is expected to be between 5.6 GW and 7 GW, enough to power 2 million homes. The Department of Energy also launched a Building a Better Grid initiative that will tap billions of dollars in funding from the $1T infrastructure law passed in November to finance new lines and grid upgrades.

Well, the Biden administration is planning to roll out a giant offshore wind project that will dwarf New York Bight.

According to Politico, the U.S. government is considering opening 30 million acres of the Gulf of Mexico near Texas and Louisiana to offshore wind energy projects, part of Biden’s goal to build 30 gigawatts of wind power capacity by 2030, enough to power more than 10 million homes.

According to a report by the National Renewable Energy Laboratory (NREL) released in March, the U.S. will need more than 2,100 wind turbines, at least 2,100 foundations, more than 11,000 kilometers of cables, and five wind turbine installation vessels to achieve its offshore wind energy target. Currently, the country has 71,328 existing wind turbines listed in the continental U.S.

Read more.