Industry experts suggest the two floating wind energy areas off California auctioned a week ago likely hold at least 50% more capacity than the 4.6GW estimated by the Biden administration.

The five leases in two wind energy areas (WEAs) in Morro Bay along the state’s central coast and Humboldt County in the north sold for $757.1m.

The three Morro Bay leases hold 3GW, while the two smaller areas in Humboldt are gauged at 1.6GW,