The U.S. Gulf Coast region, the nation's primary offshore source of oil and gas, has cheap electricity and lacks state mandates for renewable energy procurement, making it an unlikely place to expand one of the most expensive forms of clean energy.
In comments to BOEM on the planned Gulf sale earlier this year, those three companies noted the potential of offshore wind to produce green hydrogen in the region.
The American Clean Power Association, a trade group that represents offshore wind and other renewable energy developers, also said in its comments to BOEM that green hydrogen would "increase market viability of offshore wind."in bids an offshore wind lease sale off New York and New Jersey generated in February 2022.
Texas and Louisiana, by contrast, have no legal mandates for clean energy, have slower average wind speeds than the Northeast, higher risks from seasonal hurricanes, and much lower retail power prices.
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