The Interior Department today asked the public to suggest ways it should offer hundreds of square miles of water off mid-Atlantic states for offshore wind projects.
The request comes as the agency mulls various auction formats to ensure the public gets a fair return in what could be the nation’s first competitive offshore wind leases off the coasts of Maryland, New Jersey and Virginia.The agency commissioned a study of potential bidding formats and may consider factors including the regional price of electricity, wind farm sizes or state energy policies to determine winning bidders (E&ENews PM, Oct. 14).”We are evaluating several possible auction formats designed to promote offshore wind development by efficiently allocating renewable energy leases while ensuring that the United States receives a fair return,” Bureau of Ocean Energy Management Director Tommy Beaudreau said in a statement this morning. “This is an opportunity for the public to provide input into the proposed set of auction formats.”