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US Bets on Offshore Wind Boom in Oil-Rich Gulf of Mexico
The Gulf of Mexico has been a hub for US oil production for decades. A government auction Tuesday could help make it a nexus for offshore wind, too. More than a dozen companies have qualified to bid for wind development rights during the first-ever sale of tracts off the Texas and Louisiana coast. The sites have the potential to generate 3.7 gigawatts of emission-free electricity that could be used to produce green hydrogen and provide power to Gulf Coast refineries, ports and shipyards. “All of a sudden, you could see the greening of what has been a rather carbon-intensive industrial base,” said Erik Milito, ... (full story)