March 16 (Renewables Now) - Avangrid Renewables LLC has emerged as the provisional winner in the auction for the 1,486-MW Kitty Hawk wind development area off North Carolina with a high bid of USD 9.07 million (EUR 8.4m).
The US Bureau of Ocean Energy Management (BOEM) announced this after 17 rounds of bidding.
Just four of the nine previously-qualified companies took part in the auction. Wind Future LLC, Statoil Wind US LLC and Wpd offshore Alpha LLC made bids in addition to Avangrid. The other companies that were qualified but did not participate in the tender were Enbridge Holdings (Green Energy) LLC, Shell WindEnergy Inc, Northland Power America Inc, Outer Banks Ocean Energy LLC and PNE Wind USA Inc.
The four participants continued bidding up until the 12th round, when one of them dropped out of the race. Just two bidders were left in the 15th round.
More information is available in the table below.
|Time (Eastern)||Rounds Completed||Amount (in USD)||Number of Bidders at Asking Price|
The 122,405-acre (49,540-ha) Kitty Hawk lease area starts about 24 miles (38.6 km) from shore and extends 25.7 miles in a general southeast direction. The zone has a potential generating capacity of 1,486 MW based on National Renewable Energy Laboratory’s (NREL) estimates of 3 MW per sq km, BOEM said. The developer will determine the exact size of the wind farm.
The auction will now be reviewed by the Department of Justice and Federal Trade Commission.
In December, Norwegian energy group Statoil (STO:STLO) won an auction for a New York offshore wind lease with a record-smashing bid of USD 42.47 million.
(USD 1.0 = EUR 0.929)