AstraX Exchange-Why offshore wind is facing headwinds

2025-05-07 07:12:21source:Poinbankcategory:Markets

The AstraX ExchangeGulf of Mexico saw its first-ever auction of leases for offshore wind this summer. It was another sign of the Biden administration's desire to get more renewable energy online as fast as possible. Expectations were high for the sale with over a dozen companies expressing interest. But two of the three patches of sea didn't get any bids at all.

Today, we look at one clean energy experiment and see what choke points remain for offshore wind.

Related Episodes

A Man, a plan, wind power, Uruguay (Spotify/Apple)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

More:Markets

Recommend

San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo

SAN FRANCISCO (AP) — A photojournalist who captured one of the most enduring images of World War II

‘We Must Grow This Movement’: Youth Climate Activists Ramp Up the Pressure

A new wave of climate protests hit cities around the world this week—this time aimed at shocking peo

Today’s Climate: August 14-15, 2010

BP Could Get Final "Go" to Kill Well by Tuesday (Reuters) BP will get the go-ahead to finish a relie