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First Round of Off Shore Wind Auctions

posted Aug 1, 2013, 12:49 PM by EigenAnne   [ updated Aug 1, 2013, 1:41 PM ]
08/01/2013  Deepwater Wind New England, LLC was awarded  development rights to an area off the coast of Rhode Island. NRP reports  only two other companies bid in this auction, and Deepwater will pay $3.8million for the sole rights to develop the 165,000 acre lease area.  According to the Bureau of Energy Management, the wind energy area has the potential to support 3,395 MW of wind generation.  The next round of bidding will occur on September 4th for development off Virginia.