US BOEM to seek fisheries funds for Gulf of Mexico wind leases

The first offshore wind power lease auction in the Gulf of Mexico will offer a 10 percent credit to developers who contribute to a fisheries compensation fund for commercial and charter fishermen. The August 2023 auction by the BOEM will offer a 102,480-acre area offshore Lake Charles, LA and two areas off Galveston, TX, one comprising 102,480 acres and the other 96,786 acres. If developed to full potential, the lease areas could hold turbine arrays with nameplate ratings totaling 3.7 gigawatts of electricity. In planning the Gulf wind energy areas, BOEM excluded highly productive fishing areas after consultations

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