The U.S. Department of the Interior’s Bureau of Ocean Energy Management held an offshore land lease sale for the purposes of developing future wind farms on Monday, Nov. 9. Although a locally held company, Fishermen’s Energy, participated in the auction, it lost out to two other concerns.
US Wind Inc. won the right to develop the Wind Energy Area off Ocean and Atlantic counties by bidding$1,006,240 for 183,353 acres, Outer Continental Shelf Lease Area 0499. RES America Developments Inc. won the right to develop the 160,480 Wind Energy Area acres from Atlantic City south to Cape May County, paying $880,715 for Lease Area OCS-A 0498.
The New Jersey Wind Energy Area starts about 7 nautical miles offshore and extends roughly 21 nautical miles seaward. To see a map of the New Jersey Wind Energy Area, go to boem.gov/New–Jersey.
Read the full story at the SandPaper >>
Read more about wind farms >>
