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Interior to auction site off Maryland for offshore wind  

Credit:  By Justin Doom | Bloomberg | 2014-07-02 | www.bloomberg.com ~~

The U.S. Department of the Interior plans to auction about 80,000 acres off the Maryland coast for commercial wind-energy development.

The competitive lease sale is scheduled for Aug. 19, according to an e-mailed statement today. Sixteen companies are expected to submit bids for an area where turbines may produce enough electricity for 300,000 homes.

There are no offshore wind farms in U.S. waters and the Interior Department is seeking to encourage development. The Bureau of Ocean Energy Management has awarded five commercial-scale leases for offshore wind projects in the Atlantic Ocean stretching from Massachusetts to Virginia. The competitive sales have raised more than $5 million across almost 278,000 acres of federal water.

“Today’s announcement is a tremendous step forward for the U.S. offshore wind industry,” Maryland Governor Martin O’Malley said in the statement.

BOEM expects to hold additional auctions for areas offshore Massachusetts and New Jersey later this year, according to the statement.

The U.S. Energy Department yesterday announced a $150 million loan guarantee for Cape Wind, an offshore wind project in Nantucket Sound that’s been under development for more than a decade and may become the first in the country.

Source:  By Justin Doom | Bloomberg | 2014-07-02 | www.bloomberg.com

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments to query/wind-watch.org.

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