[ exact phrase in "" • results by date ]

[ Google-powered • results by relevance ]


News Home

Subscribe to RSS feed

Add NWW headlines to your site (click here)

Sign up for daily updates

Keep Wind Watch online and independent!

Donate $10

Donate $5

Selected Documents

All Documents

Research Links


Press Releases


Publications & Products

Photos & Graphics


Allied Groups

Feds declare winner in auction for Maryland offshore wind leases  

Credit:  By Bret Jaspers | WYPR | August 19, 2014 | wypr.org ~~

Energy company US Wind Inc, a subsidiary of the Italian company Renexia, won Tuesday’s auction to develop wind farms on federal waters ten nautical miles off the coast of Ocean City.

The federal Bureau of Ocean Energy Management (BOEM) held two simultaneous, online auctions for two different, adjacent parcels. US Wind won both leases with a joint bid of $8.7 million for the entire 80,000-acre area. Two other firms participated: Green Sail Energy LLC and SCS Maryland Energy LLC.

BOEM officials noted the competitiveness of the auction, which lasted 19 rounds. The price per acre was approximately $109, many times larger than what was bid in auctions last year for offshore wind leases in New England and Virginia.

The results are provisional; the next step will be a Department of Justice anti-trust review of the bid. US Wind then has a year to submit a site assessment, and then four and a half years to submit a construction and operations plan. They will also likely seek approval of the Maryland Public Service Commission for a ratepayer-funded subsidy for the project passed by the General Assembly in 2013.

Source:  By Bret Jaspers | WYPR | August 19, 2014 | wypr.org

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 via e-mail.

Wind Watch relies entirely
on User Funding
Donate $5 PayPal Donate


News Watch Home

Get the Facts Follow Wind Watch on Twitter

Wind Watch on Facebook


© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.