Golden State Wind — federal OCS lease cancellation for ~2 GW floating offshore wind project off Morro Bay, California; DOI agrees to refund ~$120M in lease bid fees
Companion announcement to the Bluepoint Wind cancellation — DOI terminated the Morro Bay floating offshore wind lease held by Ocean Winds + Reventus Power JV and committed to a ~$120M lease fee refund. The 2 GW project was one of California's largest offshore wind ambitions. Cancellation effectively sidelines floating offshore wind development off the central California coast.
$120M
Deal Value
2,000MW
Capacity
Offshore Wind
Technology
CA
Location
Deal Details
- Deal Type
- Federal Lease Termination / Divestiture
- Seller / Sponsor
- Golden State Wind LLC
- Buyer / Financier
- U.S. Department of the Interior (lease cancellation)
- Deal Value
- ~$120M (DOI lease fee refund)
- Stage
- Cancelled
- ISO/RTO
- CAISO
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