Quoted in TradeWinds: Charlie Papavizas Discusses the Recent Auction of Offshore Wind Leases

Charlie Papavizas, Winston & Strawn partner and chair of the firm’s maritime & admiralty practice, was recently quoted by TradeWinds in an article titled “In First, New Offshore Wind Auction Seeks U.S. Vessels.”

The article addresses the federal government’s plans to auction over 480,000 acres of the New York Bight and a new incentive to use U.S. vessels. “The leases are the first to have supply chain-related local content requirements that include investments in U.S. vessels,” said Charlie. The terms of the new auction do not add new requirements for Jones Act-qualified vessels, but they do ask winners of the lease auctions to submit their intentions for making supply chain improvements. “It’s a good indicator that vessels are important, but it’s not a mandate,” added Charlie. As stated in the article, this is the “latest big step in a ramp-up of offshore renewables development in waters off the country's northeast.”

Read the full TradeWinds article here (subscription required).

For more insights on offshore wind leases, read Charlie’s latest MaritimeFedWatch blog.