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  • bluecheese4u bluecheese4u Jul 31, 2013 8:15 PM Flag

    Sold! First Parcels Auctioned For Future Offshore Wind Farms

    Sold! First Parcels Auctioned For Future Offshore Wind Farms

    by Elizabeth Shogren
    July 31, 2013 7:58 PM

    Audio for this story from Morning Edition will be available at approximately 9:00 a.m. ET.

    A Rhode Island company was the highest bidder in the federal government's first-ever auction for the right to build an offshore wind farm.

    After 11 rounds, Deepwater Wind outbid two other companies for two patches of ocean off the coasts of Massachusetts and Rhode Island. The winning bid was $3.8 million.

    The Rhode Island and Massachusetts Wind Energy Area covers more than 250 square miles about 10.5 miles south of the Rhode Island coastline. The area is divided into two lease areas.

    Enlarge image

    The Rhode Island and Massachusetts Wind Energy Area covers more than 250 square miles about 10.5 miles south of the Rhode Island coastline. The area is divided into two lease areas.
    Bureau of Ocean Energy Management

    The Rhode Island and Massachusetts Wind Energy Area covers more than 250 square miles about 10.5 miles south of the Rhode Island coastline. The area is divided into two lease areas.

    Not as many companies participated in the bidding as was expected, but industry representatives and government officials heralded the outcome as a sign that offshore wind power is on its way.

    "This sale marks a really historic moment in the clean energy future of this country," said Tommy Beaudreau, director of the Bureau of Ocean Energy Management, which is part of the Interior Department.

    The United States has no offshore wind farms, but some industry experts say the fact that there was competition for these leases shows that despite all the setbacks, the offshore wind industry might soon take off.

    "The resource is too big to be ignored for very much longer," says Todd Griset, an attorney who advises clients on ocean energy projects.

    However, the two most prominent would-be wind projects — Cape Wind, off the coast of Massachusetts' Cape Cod, and NRG Bluewater Wind off D

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    • "Oldcheese4u", once again "No orginal idea or thought" just cut & paste yourself through life!
      I assume this how you got through school as well?
      Your process is really starting to take on the aroma, odor, scent of moldy "oldcheese4u".
      You need a new career moldy!!!

      Sentiment: Strong Buy

 
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