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U.S. offers East Coast waters for wind farms
Credit: By Ryan Tracy | Washington Wire | November 30, 2012 | blogs.wsj.com ~~
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Translate: FROM English | TO English
WASHINGTON–The U.S. will offer up federal acreage off the coasts of Virginia, Massachusetts and Rhode Island for offshore wind farms during the first half of 2013 the Interior Department said Friday.
The competitive lease sales will be the first held under an Obama administration initiative to fast-track permitting for offshore wind farms. None of the expensive projects have been built yet in the U.S.
The leases would grant wind-development rights in about 277,550 acres, though the winning bidders would still have to clear additional environmental reviews and secure financing.
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