Texas-Based Company Wins Auction For Maryland Offshore Wind Leases | WAMU 88.5 - American University Radio

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Texas-Based Company Wins Auction For Maryland Offshore Wind Leases

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An offshore wind farm is one step closer to becoming reality.

U.S. Wind, Inc. is a Texas-based company with ties to a successful offshore wind developer in Italy. In an online auction, the company won two adjacent lease areas totaling 80,000 acres, for $8.7 million.

The lease areas are located about 10 miles off the Ocean City coastline in what's become known as the Maryland Wind Energy Area, which stretches about 94 nautical miles.

The auction is just the first step in what will likely be years of back and forth assessments, proposals and provisions, between US Wind Inc. and the U.S. Department of the Interior’s Bureau of Ocean Energy Management before anyone will see a wind turbine spinning off the Ocean City coastline.

But for advocates of harnessing offshore winds to create renewable energy for hundreds of thousands of Marylanders, this auction is a very significant step toward making that dream a reality.

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