Wind boom, wind bust (Two Windicators)
13 March - 16 minsThe wind power business is a bit contradictory right now. It's showing signs of boom and bust seemingly all at once.
The story of wind energy markets in two acts today. First, the Gulf of Mexico saw its first-ever auction of leases for offshore wind this summer. It was another sign of the Biden administration's desire to get more renewable energy online as fast as possible. Expectations were high, but results did not deliver. Two of the three patches of sea didn't get any bids at all. Hidden in the flop for this auction are some keys to what it takes to spark a whole new market, quickly.
Then, the booming side of wind power: the job that's projected to be the fastest-growing in the U.S....