Environment

With a $9 million bid, Avangrid wins offshore wind farm lease near Kitty Hawk

A European offshore wind farm (Photo:Creative Commons via Andreas Klinke Johannsen on Flickr)

This is what $9 million will buy: The historic Powerhouse Square on West Street in Raleigh. More than 11,000 iPhones. Seven heart transplants. Three weekend trips to Mar-a- Lago for President Trump. And 122,405 acres of ocean and its floor off the North Carolina coast.

The Bureau of Ocean and Energy Management today held a lease sale for the acreage, which will be used for a wind farm 27.5 miles east of Kitty Hawk. The online bidding began Thursday morning at $244,000. By 4 p.m., after 17 rounds, four companies had dwindled to one winner: Avangrid, with a bid of $9,066,650. The federal government will still own the acreage, but Avangrid will have the exclusive rights to develop wind energy there.

Avangrid, a US subsidiary of the Spanish company Iberdrola, also operates the onshore Amazon Wind Farm near Elizabeth City.

If fully developed, the lease area potentially could generate 1,486 megawatts, enough to power a half-million homes.

However, construction and permitting could take more than 20 years. Before it’s built, the project must go through a site assessment plan, a construction and operations plan, and an environmental review.

Depending on their size and location, offshore wind farms can cost hundreds of millions of dollars. The Block Island Wind Farm in Rhode Island has five turbines; it cost $450 million for permitting and construction.

 

Check Also

Illegal oil and gas commission postponed, one statement of economic interest still missing

The state oil and gas commission, which had ...

Top Stories from NCPW

  • News
  • Commentary

This story has been updated with comments from Jim Womack, who did not respond earlier to questions. [...]

For the 18 months, Gary Brown has been traveling through northeastern North Carolina like an itinera [...]

It will be at least another month before state Superintendent Mark Johnson can take over at the helm [...]

Eric Hall, in the midst of a rainy drive to rural Robeson County to pitch North Carolina’s ambitious [...]

5---number of days since Senators Bill Cassidy and Lindsey Graham unveiled a new proposal to repeal [...]

The post The stench of hate speech appeared first on NC Policy Watch. [...]

When a Navy recruiter visited his high school, Carlos was among those students eager to sign up. In [...]

Website with ties to Civitas Institute promotes anti-Semitic attack on Attorney General Stein There [...]

Featured | Special Projects

NC Budget 2017
The maze of the NC Budget is complex. Follow the stories to follow the money.
Read more


NC Redistricting 2017
New map, new districts, new lawmakers. Here’s what you need to know about gerrymandering in NC.
Read more