Article

Offshore Wind Energy Lease Finalized

Coastal Review Online

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Staff Report

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October 18, 2017

WASHINGTON — The federal Bureau of Ocean Energy Management, or BOEM, has finalized a lease with Avangrid Renewables, the Portland, Oregon-based company behind the Amazon Wind Farm project in Perquimans and Pasquotank counties, for a 122,405-acre wind area off the coast of North Carolina.

 

Laura Beane

“We are very excited to take this important next step as we help move the U.S. offshore wind industry forward,” said Laura Beane, CEO & President of Avangrid Renewables, in a statement.

Interior Secretary Ryan Zinke and BOEM Acting Director Walter Cruickshank announced in March the completion of the nation’s seventh competitive lease sale for renewable wind energy in federal waters. Avangrid Renewables submitted the high bid of $9.07 million for the 122,405-acre wind energy area off Kitty Hawk.

“Even at this very early stage, we have a lot of work to do as we seek to better comprehend a number of variables that will inform our understanding of the wind farm development. That process will take time, is highly technical, and will involve many stakeholders, but we are confident in our ability to leverage our experience in order to deliver a competitively priced product to our eventual customers,” Beane said.