Biden Administration Halts Planned Oregon Offshore Wind Lease Auction

The Biden administration has decided to postpone a planned auction of offshore wind development rights off the coast of Oregon, which was set for the next month. The decision came from the U.S. Bureau of Ocean Energy Management, a part of the Interior Department, citing a lack of interest from the industry.

The Biden administration on Friday announced it would postpone a scheduled auction of offshore wind development rights off the coast of Oregon, set for next month.

The decision was made by the U.S. Bureau of Ocean Energy Management, a division of the Interior Department, due to insufficient interest from industry stakeholders.

Officials indicated that the postponement aims to reassess the sector's readiness for such developments in the region.

(With inputs from agencies.)