09 Jun '18, 1pm

US Interior Dept. committee backs 20GW of new offshore leases

A committee within the US Interior Department has recommended the government lease out 20GW of new offshore wind capacity in federal waters, a further sign of the growing appreciation for offshore wind within the Trump administration. The Royalty Policy Committee (RPC) attracted little notice last week with its 20GW policy recommendation, suggesting the Interior Department lease out at least 2GW per year from 2024 at four zones of 500MW or larger. The Interior Department’s Bureau of Ocean Energy Management (BOEM) oversees the leasing of offshore wind zones in federal waters. Led by Vincent DeVito, special counselor on energy policy to Interior Secretary Ryan Zinke, the RPC advises the Interior Department on how to achieve “fair market value” and maximise revenue collection from energy and mining projects on its vast portfolio of federal lands and waters. One way of doing t...

Full article: http://www.rechargenews.com/wind/1508552/us-interior-dept...

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