US: Westwood Insight – Pacific Wind: California dreaming
In December 2022 California held its first offshore wind leasing round – Pacific Wind. Although this was the third US lease auction to be held in 2022, additional considerations were required to be taken by bidders, including the development of a floating solution, the challenging permitting process and no binding commitment to purchase offshore wind from the state of California. The question was how much developers were willing to pay with these uncertainties in place.
Source: energy-pedia.com