Central Atlantic Offshore Wind Lease Sale Yields Nearly $93 Million To Power 2.2+ Million Homes

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Central Atlantic Offshore Wind Lease Sale Yields Nearly $93 Million To Power 2.2+ Million Homes
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Leased areas have the potential to power over 2.2 million homes with clean energy, continuing Administration’s historic actions to grow the American offshore wind industry

“At the start of the Administration, our nation had approved zero offshore wind energy projects. Today, we have nine – enough to power nearly 5 million homes. This is what developing a clean energy transition looks like,” said.

Equinor Wind US LLC provisionally won Lease OCS-A 0557 at $75,001,001, which consists of 101,443 acres and is approximately 26 nautical miles from Delaware Bay. Virginia Electric and Power Co provisionally won Lease OCS-A 0558 at $17,650,500, which consists of 176,505 acres and is approximately 35 nm from the entrance of Chesapeake Bay. Six companies participated in the auction.

Today’s sale resulted in over $23 million total bidding credits. These bidding credits will result in over $11 million in investments for workforce training and domestic supply chain, and an additional $11 million for fisheries compensatory mitigation.

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