The Biden Administration’s Scaled-Back Lease Proposal For Atlantic Offshore Wind Projects Prompts Questions, Criticism

By Aman Azhar

The Biden administration’s latest lease offering for offshore wind projects doesn’t allocate adequate acreage for Maryland and other mid-Atlantic states to achieve their legally binding emissions reduction and clean energy targets, industry groups and environmental advocates say. They believe the offering also further hobbles the offshore wind industry, which already faces supply constraints, a lack of new tax credits and high interest rates.