INSUBCONTINENT EXCLUSIVE:
The US government is preparing to lease regions within the Gulf of Mexico for the establishment of wind energy farms.This is the first
instance of such an event and the auctioned areas hold the potential to generate around 3.7 gigawatts of electricity.The sites, located off
offshore wind power by 2030 and to transition to a carbon-free electricity sector by 2035.Offshore wind farm areas in Gulf of Mexico slated
(Photo Internet reproduction)The auction is scheduled for August 29
towards addressing climate change, with over US$16 billion invested in new offshore wind projects since 2021.
