Print
WilmingtonBiz Talk

WilmingtonBiz Talk About Offshore Wind Leasing

By Vicky Janowski, posted May 12, 2022

A federal agency this week provisionally awarded the rights to plan two wind farms off Southeastern North Carolina’s coast to two companies that offered $315 million.

The Bureau of Ocean Energy Management (BOEM)’s auction happened Wednesday for two lease areas in the Wilmington East Wind Energy Area, totaling nearly 110,100 acres. One lease provisionally sold for $160 million to TotalEnergies Renewables USA, and the other lease went for $155 million to Duke Energy Renewables Wind.

If developed, the areas could generate up to 1.3 gigawatts, enough to power half a million homes, according to the Bureau of Ocean Energy Management.

In February, BOEM tentatively awarded six leases at New York Bight, luring the highest offshore lease bids on record, with the companies bidding a combined $4.37 billion for 488,000 acres, or roughly $8,900 an acre.

Joining Thursday’s BizTalk to discuss the leases and what happens next was Katharine Kollins, president of the Southeastern Wind Coalition, a nonprofit that advocates for renewable wind energy.

View the full BizTalk conversation below. Also listen to this and future weekly WilmingtonBiz Talk discussions on the Business Journal's podcast, available on Apple Podcasts, Spotify and Stitcher.


BizTalk is livestreamed on the Business Journal's Facebook page each week, typcially at noon Thursday. For notifications on upcoming topics, sign up for newsletters at wilmingtonbiz.com/register and to submit topic or speaker ideas, email [email protected].
Ico insights

INSIGHTS

SPONSORS' CONTENT
Dane

A Simple Approach To Difficult Conversations

Dane Scalise - GriffinEstep Benefit Group
Billcoleman lopw headshot

Reaping The Benefits Of Patience

Bill Coleman - Live Oak Private Wealth
Headshots march websized 2

How to Tell if Your Flat Roof Needs Replacing

David Grandey - Highland Roofing Company

Trending News

Untappd Taps Out Of Downtown Wilmington Office Building

Cece Nunn - Jan 30, 2023

ILM To Chart Future Path In Forthcoming Report

Miriah Hamrick - Jan 30, 2023

In The Current Issue

Facility Owner Puts His Chips On The Table

With more than 15 years of experience in the wood chip industry, Taner Basaga has maintained key relationships with loggers in the region. “...


Chill Couple Grows Ice Cream Stores

Boombalatti’s Homemade Ice Cream became a local favorite when it first opened in The Forum on Military Cutoff Road in 1999. When Wes and Kri...


Local, State Efforts Target Service Sector

Many industries have started to recover from the roiling effect the pandemic had on the labor market, but nearly three years after the first...

Book On Business

The 2023 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2022 Power Breakfast: Wilmington's Most Intriguing People - Spence Broadhurst & Hannah Gage
2022 Power Breakfast: Wilmington's Most Intriguing People - George Taylor
2022 Power Breakfast: Wilmington's Most Intriguing People - Mike Ford
2022 Power Breakfast: Wilmington's Most Intriguing People - Meaghan Dennison
2022 Power Breakfast: Wilmington's Most Intriguing People - Rhonda Bellamy