WilmingtonBiz Talk

WilmingtonBiz Talk on offshore wind leasing

May 18, 2022 Season 2 Episode 21
WilmingtonBiz Talk
WilmingtonBiz Talk on offshore wind leasing
Show Notes

A federal agency has 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 today’s BizTalk to discuss the leases and what happens next is Katharine Kollins, president of the Southeastern Wind Coalition, a nonprofit that advocates for renewable wind energy.

Our Guest:
Katharine Kollins, Southeastern Wind Coalition President 
In her current role, Katharine Kollins manages Southeastern Wind Coalition’s programming across 11 states to promote land-based, offshore and imported wind power. She previously worked in finance for Boston-based developer First Wind, consulting with Vestas R&D to formulate a federal grant funding strategy, and a role as business development manager for The Wind Alliance.

WilmingtonBiz Talk is a weekly interview program on Facebook Live, which is rebroadcast on YouTube and numerous podcasting platforms. The Business Journal newsroom selects guests based on current events so our community can hear directly from newsmakers.