2 companies have offered $315 million to develop wind power off the Carolinas

Two energy companies have bid $315 million in an auction for the rights to produce wind power in two regions off the coasts of North Carolina and South Carolina, the U.S. Department of Health said. Interior.

The Bureau of Ocean Energy Management lease sale offered two lease areas covering 110,091 acres (44,500 hectares) in the Carolina Long Bay area, according to a department news release Wednesday. If fully developed, the leases could generate around 1.3 gigawatts of offshore wind power, enough to power around 500,000 homes.

TotalEnergies Renewables USA, LLC paid $160 million for 54,937 acres (22,232 hectares) offshore. Duke Energy Renewables Wind, LLC has offered $155 million for 55,154 acres (22,320 hectares), according to the release. Specifically, the sites are 80 km east of Myrtle Beach, South Carolina, and approximately 48 km south of Bald Head Island, North Carolina.

Prior to the finalization of the leases, the US Department of Justice and the Federal Trade Commission will conduct an anti-competitive review of the auction, and the provisional winners will be required to pay the balance of the winning bids and provide financial assurance to BOEM.

The leases are part of President Joe Biden’s goal to increase clean energy generation and provide the United States with more independent power sources and lower customer electricity bills, the US Department of the Interior in a press release.

The Department of the Interior has already leased wind sites off the New York coast and plans to add sites off California and Oregon, the Gulf of Maine, the Gulf of Mexico and in the center of the Atlantic Ocean, according to a statement released earlier this year.

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