BOEM held a lease sale (i.e., auction) on Aug. 19, 2014 for the Wind Energy Area (WEA) identified offshore Maryland. The WEA covers approximately 80,000 acres and is located about 10 nautical miles off the coast of Ocean City, MD. BOEM auctioned the Maryland Wind Energy Area as two leases, referred to as the North Lease Area (32,737 acres) and the South Lease Area (46,970 acres). For a map of the lease areas, click here.
US Wind Inc. submitted the provisionally winning bid for both lease areas, for a total bid of $8,701,098. The Attorney General, in consultation with the Federal Trade Commission, will have 30 days in which to complete an antitrust review of the auction. BOEM will then send unsigned copies of the lease form to the winning bidder, who will have 10 days to sign and return the leases, file the required financial assurance and pay the balance of the winning bid.