financetom
Business
financetom
/
Business
/
Equinor, Dominion are winners in US Central Atlantic offshore wind auction
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Equinor, Dominion are winners in US Central Atlantic offshore wind auction
Aug 14, 2024 11:26 AM

(Reuters) - Norway's Equinor and U.S. power company Dominion were the winning bidders in a U.S. government offshore wind auction of two areas off the coasts of Delaware, Maryland and Virginia, the Interior Department said on Tuesday.

The offshore wind lease sale generated less than $93 million in winning bids, making it among the least lucrative of those held by the Biden administration.

U.S. President Joe Biden has put the development of offshore wind at the forefront of his climate change agenda, but the industry has stumbled in the last year due to soaring costs and supply chain disruptions.

Equinor bid $75 million for a 101,443-acre lease 26 miles from Delaware Bay. Dominion's Virginia Electric and Power Co won a 176,505-acre lease 35 miles from Chesapeake Bay for $17.65 million.

Last month, Interior's Bureau of Ocean Energy Management canceled a planned sale of offshore wind leases in the Gulf of Mexico due to a lack of industry interest. An auction held there last year resulted in the sale of just one of three offered leases for $5.6 million.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Alamos Gold Files $500 Million Mixed Shelf
Alamos Gold Files $500 Million Mixed Shelf
Aug 8, 2025
04:32 PM EDT, 08/08/2025 (MT Newswires) -- Alamos Gold ( AGI ) filed a registration statement for the sale of $500 million of securities. The securities cover common shares, debt securities, warrants, and subscription receipts, according to the filing. The company stated it plans to use the net proceeds for general corporate purposes. ...
Rani Therapeutics Files $200 Million Mixed Shelf
Rani Therapeutics Files $200 Million Mixed Shelf
Aug 8, 2025
04:30 PM EDT, 08/08/2025 (MT Newswires) -- Rani Therapeutics ( RANI ) filed a registration statement Friday for the potential sale of up to $200 million of securities from time to time in one or more offerings. The filing covers class A common shares, preferred stock, debt securities, and warrants. The company said it plans to use the net proceeds...
Arvinas, Pfizer Get US FDA New Drug Application Acceptance for Potential Breast Cancer Treatment
Arvinas, Pfizer Get US FDA New Drug Application Acceptance for Potential Breast Cancer Treatment
Aug 8, 2025
04:30 PM EDT, 08/08/2025 (MT Newswires) -- Arvinas ( ARVN ) and Pfizer ( PFE ) said late Friday the US Food and Drug Administration accepted the new drug application for vepdegestrant to treat patients with advanced breast cancer who have previously received endocrine-based therapy. The FDA assigned a Prescription Drug User Fee Act action date of June 5, 2026,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved