The federal government announced the first-ever chance for companies to lease areas in the Gulf of Mexico to build wind farms, including two parcels roughly 30 miles off the Texas coast near Galveston.
Renewable energy developers will likely compete for the leases with firms that are better known for another kind of offshore construction: Oil and gas giants such as Shell and TotalEnergies qualified to join the bidding.
Leaders of the traditionally fossil fuel-focused companies say their climate goals make investing in offshore wind critical. Both businesses are already involved in developing wind power in the Atlantic, including near New Jersey, New York and Massachusetts.
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