01 Aug '13, 5pm

First US Offshore Wind Leases Go to Deepwater

New Hampshire, USA -- Deepwater Wind New England is the winner of the first competitive lease sale of renewable energy in U.S. federal waters, pledging approximately $3.8 million for two sites in an auction yesterday (July 31) by the U.S. Department of Interior (DOI) and Bureau of Ocean Energy Management (BOEM). Initially nine firms were pre-approved to participate in the auction, but ultimately only three companies did: Deepwater, Sea Breeze Energy, and U.S. Wind. The sale lasted 11 rounds before Deepwater was deemed the winner with a combined bid of $3,838,288 for the two parcels. These areas now held by Deepwater Wind to develop for offshore wind projects span more than 164,000 acres off the coast of Rhode Island and Massachusetts, with combined potential of nearly 3.4 GW of wind generation. It's actually two leases, a "North Lease Area" of 97,500 acres, and a "South Le...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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