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Italy’s Renexia heads 1.45-GW wind lease sale off Maryland

(SeeNews) - Aug 20, 2014 - US Wind Inc, part of Italian renewable energy developer Renexia SpA, has submitted the provisional winning bid in the US Department of Interior’s (DOI’s) recent 1,450-MW wind lease auction off the coast of Maryland.

US Wind is ready to pay USD 8.7 million (EUR 6.5m) for the almost 80,000 acres (32,000 ha) of tendered area for offshore wind development, the DOI’s Bureau of Ocean Energy Management (BOEM) said on Tuesday. According to the National Renewable Energy Laboratory, the proposed zone can accommodate between 850 MW and 1,450 MW of wind power capacity. The auction included two separate leases -- the North Lease Area of 32,740 acres and the South Lease Area of 46,970 acres. If fully developed, the area can host turbines that can supply enough power for some 300,000 homes annually.

The winner in the auction will have 10 days to sign a deal once an antitrust review of the tender has been completed. The selected company will be granted approval for 25 years of wind farm operation, conditional on certain milestones.

Other participants in the one-day auction were Green Sail Energy LLC and SCS Maryland Energy LLC. As many as 16 firms were pre-qualified for the bidding, among which Dominion Wind Development, Apex Offshore Maryland, EDF Renewable Energy and Iberdrola Renewables.

To date, BOEM has issued five wind energy leases off the Atlantic coast which have attracted more than USD 5 million in bids for an area of about 277,550 acres in federal waters.

(USD 1.0 = EUR 0.752)

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Browse all articles from Veselina Petrova

Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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