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Wednesday, August 20, 2014

US Wind Inc. Submitted $8,701,098 Bid For Wind Farm

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.



Anonymous said...

A big mistake!

Anonymous said...

Still going to equal high monthly electric bills.

Anonymous said...

So when the windmills get operational I can figure on bending over for a reaming because they won't even pay for themselves in my lifetime.

Anonymous said...

2:44 They will never pay for themselves because of maintenance cost in a salt air environment. This idea is totally stupid.

Anonymous said...

Wind at all cost. Do you think Jim Mathias will elect to pay our electric bills?