Current:Home > FinanceCompanies back away from Oregon floating offshore wind project as opposition grows -MoneyStream
Companies back away from Oregon floating offshore wind project as opposition grows
PredictIQ Quantitative Think Tank Center View
Date:2025-04-10 18:01:46
PORTLAND, Ore. (AP) — The number of companies planning to bid on a chance to develop a floating offshore wind project off the Oregon coast has been dwindling as opposition to the plan remains strong.
The federal government finalized two areas for floating offshore wind farms along the Oregon coast in February. The move brought the state closer to commercially developing and producing a renewable energy source as part of the fight against climate change.
But opposition from tribes, fishermen and coastal residents highlights some of the challenges the plan faces. Some are concerned that the construction will harm sea life, marine habitat, culturally important areas and views of the ocean.
Mainstream Renewable Power Inc., one of the companies that had planned to bid on the project, told Oregon Public Broadcasting that it will not longer participate in the sale scheduled for Oct. 15. Two others told the Oregonian/OregonLive that they, too, are backing out.
In addition to the opposition from tribes and fishermen, community groups have also voiced opposition to developing floating offshore wind farms. Coos and Curry counties will be voting on whether to oppose wind development.
The U.S. Department of Interior’s Bureau of Ocean Energy Management would not confirm the number of companies participating in the upcoming auction. It also would not say whether the auction would be delayed if only one bidder submitted a plan.
Oregon Public Broadcasting has reached out to all five eligible bidders to confirm their participation. So far, only Mainstream Renewable Power has replied.
The Confederated Tribes of the Coos, Lower Umpqua and Siuslaw Indians have sued the Bureau of Ocean Energy Management, claiming it failed to consider the environmental, cultural and economic impacts of offshore wind farms. The group hopes to delay the Oct. 15 auction.
Oregon Gov. Tina Kotek has been working to ease tensions over wind development. She acknowledged that the federal government’s process for developing it “hasn’t started off on the right foot,” but said the state must explore renewable energy options — including floating offshore wind farms — to meet its climate goals.
veryGood! (4)
Related
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- West Virginia bill allowing librarians to be prosecuted over 'obscene' books moves forward
- Bestselling Finds Under $25 You Need From Ban.do's Biggest Sale of The Year To Brighten Your Day
- Tom Holland Shares Euphoric Shoutout to Girlfriend Zendaya
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Red states that have resisted Medicaid expansion are feeling pressure to give up.
- Piglet finds new home after rescuer said he was tossed like a football at a Mardi Gras celebration
- Who wins the NL Central? Brewers owner rebuffs critics that say they can't repeat division
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- The Daily Money: Car insurance is getting pricey
Ranking
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- What's behind the spike in homeownership rates among Asian Americans, Hispanics
- Kelly Rowland’s Rep Speaks Out Amid Dressing Room Debacle
- Green energy, EV sales are growing remarkably in the US as emissions fall. Is it enough?
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- 88-year-old mother testifies in murder conspiracy trial about daughter’s disappearance
- Baby seal with neck entangled in plastic rescued in New Jersey amid annual pup migration
- 'Who TF Did I Marry': Woman's TikTok saga on marriage to ex-husband goes massively viral
Recommendation
Average rate on 30
Greta Gerwig Breaks Silence on Oscars Snub for Directing Barbie
Rare incident: Colorado man dies after pet Gila monster bites him
Alabama hospital puts pause on IVF in wake of ruling saying frozen embryos are children
The 401(k) millionaires club keeps growing. We'll tell you how to join.
Bipartisan bill aims to make it safer for pedestrians to cross dangerous streets
Election officials in the US face daunting challenges in 2024. And Congress isn’t coming to help
It’s an election year, and Biden’s team is signaling a more aggressive posture toward the press