Trade Winds: Federal Government Announces Next Commercial Offshore Wind Leasing Auction
Client Alert | 1 min read | 12.18.13
On December 17, the Bureau of Ocean Energy Management announced a 60-day public comment period for a proposed auction process designed to open nearly 80,000 acres offshore Maryland for commercial wind energy leasing. The announcement, which follows recent auctions of 112,000 acres offshore Virginia and 164,000 acres offshore Rhode Island and Massachusetts, is the latest in a series of actions by the federal government designed to increase wind and other renewable energy production and to facilitate the development of new clean technology industries generally (previously discussed here, here, here, and here).
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Do you want your startup to expand and become a major player in your industry? If so, you will most likely need to seek capital from outside investors to help you build infrastructure and fulfill orders.
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