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A $1.6 Million Win In America's Second Offshore Wind Energy Lease Auction

Posted by Michael Stevens
Michael Stevens
Mr. Stevens possesses over 20 years of proven corporate marketing, sponsorship and sales promotion experienc...
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on Saturday, 07 September 2013
in Green Building ·

Offshore wind took another major step toward becoming reality in America yesterday with the second-ever competitive lease sale to develop renewable energy in federal waters.

Virginia Electric and Power Company, a subsidiary of Dominion Virginia Power, won the Department of the Interior’s (DOI) auction to develop 112,800 acres about 23 miles from Virginia Beach with a final bid of $1.6 million.

Wednesday’s auction was the second successful DOI offshore wind lease sale held in a month, after a July 31stauction of 164,750 acres in New England, and could signal the start of a rush to develop new tracts of wind-rich areas off the Atlantic coast.

Wind farm construction - GPM Blog

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