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
Dave sweyer 300 x 300

Common Property Management Mistakes

Dave Sweyer - Sweyer Property Management
Picture1 12522112034

Commercial Roof Spring Cleaning Checklist

Jeanette Omdalen - Highland Roofing Company
Headshot1 2162265156

How a Small Business Loan Can Help

Sarah Stone - Excite Credit Union

Trending News

New Owners Announced For South Front Street Restaurant

Staff Reports - May 23, 2022

Coastal Entrepreneur Of The Year For 2022 Named

Johanna F. Still - May 24, 2022

Former First Bank Exec Named CFO Of New Hanover County

Staff Reports - May 23, 2022

World-famous YouTuber Spotlights Two Local Restaurants

Jenny Callison - May 25, 2022

Governor's Office Honors Brunswick Co. Volunteers

Staff Reports - May 24, 2022

In The Current Issue

MADE: Making A Cut In Custom Woodworking

A staple in the community for about three decades, the Wilmington custom woodworking shop also features a retail component – a unique featur...


Creative Campus Aims To Draw Artists

The Cucalorus Festival has covered a lot of ground over the past 28 years, and with executive director Dan Brawley at the helm, it continues...


Riverlights Preps For More Development

Realtor Kathy Merlo and her husband, Tony, moved to Riverlights two years ago, into a Trusst Builder Group house facing a 38-acre lake....

Book On Business

The 2022 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Trying to Grow a Business?
2020 Health Care Heroes
2020 WilmingtonBiz 100