The US government is poised to offer the first leases for offshore wind in the Gulf of Mexico beginning in August.
by 2030, offering companies a variety of renewable energy tax incentives that Congress enacted through the Bipartisan Infrastructure Law and Inflation Reduction Act. Leasing is the early phase of development. After companies purchase the leases, they conduct site assessments that can take up to five years before construction begins.
Studies by the National Renewable Energy Laboratory found Gulf winds can provide double the energy currently being used in all five Gulf states. Gulf wind speeds are highest in the west off the coast of Texas and southwest Louisiana, so most development will likely be concentrated in those areas with wind turbines that can withstand Category 5 hurricanes.
The knock-on from wind and solar and all the other clean energy sources coming online today is that they will put hundreds of thousands of oil and gas employees out of work. Their houses and trucks will be repossessed, their children will go without shoes, and there will be no food on their tables.
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