US Wind, Inc. has been awarded provisional offshore wind development rights to an area off the coast of Ocean City, Maryland. The auction was the third BOEM auction resulting in a winning bid. The first, for an area off the coasts of Massachusetts and Rhode Island, went to an affiliate of Deepwater Wind for $3.8 million; the second, for an area off the coast of Virginia, went to an affiliate of Dominion for $1.6 million.… More
Tag Archives: BOEM
If We Lease It, Will They Build? Offshore Wind Energy Lease Sale Number 2
On Monday, the Department of the Interior and the Bureau of Ocean Energy Management (BOEM) announced the nation’s second offshore wind energy lease sale – this time for an area off the Virginia coast. The first competitive lease sale, for areas off the coasts of Massachusetts and Rhode Island, is scheduled for July 31. The auction for this new area, approximately 112,799 acres located 23.5 nautical miles from the Virginia Beach coastline,… More
Is the Offshore Wind Market Really Ready to Fly? BOEM Announces First Lease Auction for July 31
On Tuesday, the Bureau of Ocean Energy Management announced that the first auction of leases of offshore wind areas will be held on July 31. Even though it now looks as though Cape Wind will eventually get to the finish line, this competitive lease auction, for areas off the coast of Rhode Island and Massachusetts, can really be seen to mark the true beginning of an offshore wind market.… More