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On The Block: Offshore Wind Leases

EastCoastWindTurbines_lg
The U.S. Bureau of Ocean Energy Management is selling leases for wind turbine sites a dozen miles offshore from Ocean City. The agency will take bids August 19, 2014 on nearly 80,000 acres for two wind projects. This will be the sixth commercial offshore wind lease off the Eastern Seaboard. “We are very optimistic that this large expression of interest indicates that the policy we have created is agreeable to offshore wind developers,” said Abigail Ross Hopper of the Maryland Energy Administration. Households will pay up to $1.50 a month and businesses up to 1.5 percent more on their power bills once the turbines start spinning.
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