The United States' first sale of offshore wind development rights off the coast of California attracted nearly $150 million in bids early on Tuesday from companies seeking to gain a foothold in the domestic industry's expansion to the Pacific Ocean's deep waters.
to put wind turbines along every U.S. coastline to help decarbonize the electricity sector and fight climate change.
After six rounds of bidding, combined live bids for the five leases stood at $147.1 million, with bids on two central California leases topping $40 million each. The sale is expected to last two days. Interior's Bureau of Ocean Energy Management is auctioning five lease areas equal to a combined 373,267 acres off the state's north and central coasts.
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