Published June 5, 2013
The news on wind is the opportunity to invest and secure a position in growth. The first offshore auction will be held in July of this year. Predictive attention to promoting wind to offset and produce energy is stated to be a positive effect of the sale. The sale and invitation to secure “Offshore Wind Projects to Advance as U.S. Sets Auction” is a new economic platform on energy offered though notice.
The push toward the energy frontier has set about a new entrée for energy speculators and investors. The opportunity of opening energy for private purchase shifted the wealth in Russia. The advancement of renewable energy attraction for auction can spark economic development, innovation and buffer the work of the smart grid.
The information of “The U.S. to hold its first auction for offshore wind-energy development in federal waters off Massachusetts and Rhode Island next month,” reports Bloomberg. The Wind Energy Area covers 164,750 acres about 9.2 nautical miles south of the Rhode Island coast. It will be sold in two blocks. Together, the areas could lead to the generation of almost 3,400 megawatts and enough electricity for 1 million homes, according to the department.
” We are moving closer to tapping into the enormous potential offered by offshore wind to create jobs, increase our sustainability, and strengthen our nation’s competitiveness,” Interior Secretary Sally Jewell said.”
The moving closer to sustainability is how the dollars will flow. If capital moves offshore the U.S. will reap less of a energy harvest than expected. This is not to dismiss globalization but to define investment and economic growth. The role is to engage as other nations to support domestic partnership in the acquisition to promote jobs, technology and growth.
Developers interested in bidding include:
European energy companies Iberdrola SA (IBE)
Electricity de France SA
Deepwater Wind LLC and Energy Management Inc., parent of Cape Wind Associates LLC