December 1, 2012 in Business

U.S. will sell wind farm leases off Atlantic coast

Associated Press
 

PROVIDENCE, R.I. – The federal government plans to sell leases for wind farms off the coasts of Rhode Island, Massachusetts and Virginia, marking the first time it has sold competitive leases for wind energy on the outer continental shelf, officials said Friday.

The leases for the two areas, which total more than 430 square miles, will be sold next year, the Department of Interior and its Bureau of Ocean Energy Management said.

“Wind energy along the Atlantic holds enormous potential, and today we are moving closer to tapping into this massive domestic energy resource to create jobs, increase our energy security and strengthen our nation’s competitiveness in this new energy frontier,” Interior Secretary Ken Salazar said in a written statement.

The announcement was hailed by the conservation group Oceana, which called it a major step in developing domestic clean energy.

Officials said each area could be developed to generate enough electricity to power 700,000 homes.

The plan is part of an Obama administration strategy to focus energy development in areas with the greatest potential and to work with states, commercial fishermen and other stakeholders early in the process to address possible conflicts, officials said.

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