Green Project Marketing Blog

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.

For more information, please visit:

http://theenergycollective.com/silviomarcacci/269241/16-million-win-america-s-second-offshore-wind-lease-auction

Ashley Halligan, an analyst at Texas-based Software Advice and a contributor to Green Project Marketing, published an article on VentureBeat in December outlining the growing trend in VC-funded digital cleantech–shifting from typical hardware-based investing.

Renewables Surpass Nuclear

A new report puts renewables at 12.25% of domestic energy production, surpassing nuclear by 18%, closing in on oil.

October 6, 2011 - According to the most recent issue of the "Monthly Energy Review" by the U.S. Energy Information Administration (EIA), with data through June 30, 2011, renewable energy has passed another milestone as domestic production is now significantly greater than that of nuclear power and continues to close in on oil.

During the first half of 2011, renewable energy sources (biomass & biofuels, geothermal, solar, water, wind) provided 4.687 quadrillion Btus of energy or 12.25% of U.S. energy production. By comparison, renewables accounted for 11.05% of domestic production during the first half of 2010 and 10.50% during the first half of 2009. (On the consumption side, which includes oil and other energy imports, renewable sources accounted for 9.45% of total U.S. energy use.)