BOEM Seeking Comments On Offshore Wind Energy Auction Process

Posted by NAW Staff on December 05, 2011 No Comments
Categories : New & Noteworthy

The U.S. Department of the Interior's Bureau of Ocean Energy Management (BOEM) is seeking comments on proposed lease-sale auction procedures designed specifically to meet the needs of offshore wind energy development on the Outer Continental Shelf.

Based on its own research and an auction study commissioned by the bureau, BOEM is considering several potential auction formats for use in a variety of circumstances.

The auction format information request that BOEM is releasing describes a number of potential formats that may be used for offshore wind lease sales. The specific format selected for each sale area would likely vary based on the specific characteristics of that sale.

For example, BOEM may use a different auction format in instances in which the bureau would issue only one lease than it would when issuing multiple leases.

"We are evaluating several possible auction formats designed to promote offshore wind development by efficiently allocating renewable energy leases while ensuring that the United States receives a fair return," says BOEM Director Tommy P. Beaudreau. "This is an opportunity for the public to provide input into the proposed set of auction formats."

The information request is available here. The proposed auction formats are open to comment for 45 days after publication in the Federal Register.

BOEM will hold a workshop to discuss potential auction formats on Dec. 16 from 8:30 a.m. to 3:30 p.m. at the South Interior Building Auditorium in Washington, D.C. Additional information is available here.

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