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  • bluecheese4u bluecheese4u Sep 4, 2013 8:13 PM Flag

    Interior Dept. touts offshore wind auction, promises more


    Interior Dept. touts offshore wind auction, promises more

    Zack Colman - 09/04/13 05:08 PM ET

    The Obama administration said it's pleased with the start of its push to develop wind off the nation’s coasts after an auction for a tract of ocean near Virginia netted $1.6 million on Wednesday.

    Virginia Electric and Power Co. — a subsidiary of Dominion Virginia Power — outbid Apex Virginia Offshore Wind for the 112,799-acre Atlantic Ocean plot 23.5 miles from Virginia’s shore, the Interior Department said.

    “This year’s second offshore wind lease sale is another major milestone in the President’s all-of-the-above energy strategy and demonstrates continued momentum behind a robust renewable energy portfolio that will help to keep our nation competitive and expand domestic energy production while cutting carbon pollution,” Interior Secretary Sally Jewell said in a statement.

    Interior's Bureau of Ocean Energy Management (BOEM) downplayed the fact that the auction attracted only two bidders. The agency’s first offshore lease sale, on July 31, drew interest from three firms.

    BOEM Director Tommy Beaudreau said in a media call that “companies are recognizing” the potential benefits of offshore wind power.

    Those projects have historically run into financing and regulatory hurdles large enough to make projects unviable. As a result, there currently are no offshore wind turbines operating in the United States.

    But the technology is coming along — and so is interest in offshore wind, Beaudreau asserted.

    Wednesday’s auction comes on the heels of a 164,750-acre lease off the coast of Massachusetts and Rhode Island that brought in $3.8 million.

    Beaudreau also noted the Obama administration has plans to initiate more auctions this year and in 2014 off the coasts of New Jersey, Massachusetts and Maryland.

    He promoted Wednesday's bid as an “extremely exciting day for renewable energy in the United States,” saying it would help achieve some of the goals President Obama

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    • Meanwhile in real news..... yesterdays deepwater gas & oil lease auction netted $102 million... (story can be found under ticker RIG news)

      Right in line with reality.... wind will never amount to more than 1% of energy production in the US

      I'd point out that facts spoil your argument but bluecheese is a spoiled molded product to begin with

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