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Offshore Wind for US Territories and Coral Reef Conservation

This act extends offshore resource exploration and development laws to US territories, allowing for offshore wind farm leases. A portion of the revenue from these leases will fund coral reef conservation, potentially impacting the environment and tourism in these regions.
Key points
Offshore wind lease rules will apply to US territories like Puerto Rico and Guam.
A portion of offshore wind lease revenues (12.5%) will go to a coral reef conservation fund.
A study will be conducted on the feasibility of offshore wind farms near US territories.
The act requires at least one offshore wind lease sale for each territory if feasible and sufficient interest exists.
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Additional Information
Print number: 117_HR_1689
Sponsor: Resident Commissioner González-Colón, Jenniffer [R-PR-At Large]
Process start date: 2021-03-09