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The Texas Reporter > Blog > Politics > Renewable power firms wager huge on Harris victory
Politics

Renewable power firms wager huge on Harris victory

Editorial Board
Editorial Board Published August 15, 2024
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The wind power trade strongly signaled this week that it is able to produce extra renewable electrical energy for America, and that it’s optimistic concerning the course of the election in November.

On Wednesday, the Inside Division held an public sale for the fitting to develop offshore wind farms. The bids had been watched carefully, not simply because these had been fascinating, shallow-water websites off the coast of Delaware, Maryland, and Virginia, but additionally as a result of the final such public sale—a Gulf of Mexico public sale in July—was canceled attributable to lack of curiosity.

A part of the disinterest in that July public sale got here from lower-quality winds within the lease space. Nevertheless it was additionally attributable to Donald Trump’s Could announcement that ought to he return to the White Home, he would cancel offshore wind tasks “on day one.”

Nevertheless, on this newest public sale, bids got here in at about $93 million. These bids calmed a variety of fears concerning the trade’s future. And so they present which means the wind is blowing since Vice President Kamala Harris entered this 12 months’s presidential race.

As Politico reported on Wednesday, President Joe Biden set a objective of growing 30 gigawatts of offshore wind energy in america. His administration has accepted 9 commercial-scale offshore tasks and there have been plans for as much as 12 extra leases of potential websites within the subsequent 5 years.

Nevertheless, Trump has strongly opposed offshore wind. That features telling ridiculous lies that windmills kill whales. A lot of Trump’s animosity may stem from his dropping battle to maintain wind generators from being constructed nearby of certainly one of his Scottish golf programs.

AT SEA - JULY 07: Wind turbines generate electricity at the Block Island Wind Farm on July 07, 2022 near Block Island, Rhode Island. The first commercial offshore wind farm in the United States, the structures are located 3.8 miles from Block Island, Rhode Island in the Atlantic Ocean. The five-turbine, 30 MW project was developed by Deepwater Wind and began operations in December, 2016 at a cost of nearly $300 million. (Photo by John Moore/Getty Images)
Wind generators generate electrical energy on the Block Island Wind Farm on July 07, 2022 close to Block Island, Rhode Island.

However Harris is anticipated to choose up the place Biden began, providing robust help to offshore wind growth. 

The truth that this newest public sale introduced in robust bids, whereas the earlier public sale was canceled and one other in Could generated a disappointing response, possible displays a renewed perception that cash invested in these auctions received’t simply find yourself being the sufferer of a climate-denying Trump on dictator day.

The world auctioned on Wednesday has the potential to generate as much as 6.3 gigawatts of electrical energy, sufficient to energy as much as 2 million properties.

Seeking to volunteer to assist get out the vote? Click on right here to view a number of methods you’ll be able to assist attain voters—together with text-banking, phonebanking, letters, postcards, events, canvassing. We’ve bought you lined!

TAGGED:BetbigcompaniesEnergyHarrisrenewableVictory
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