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Winning Bid For Offshore Wind Farm Site Near Kitty Hawk Tops $9 Million PDF Print E-mail
Federal Government
By Administrator   
Thursday, 16 March 2017 11:40
Avangrid Renewables has been selected to develop North Carolina's first offshore wind farm. The company bid $9.1 million to lease a 122,405-acre offshore track off the coast of Kitty Hawk. 
The lease is for one year, during which Avangrid can submit a Site Assessment Plan for approval. Once the plan is approved, Avangrid has four and a half years to submit a Construction and Operations Plan which would detail construction and operation of the project. After an environmental review is finished Avangrid would have a term of 25 years to construct and operate the wind farm.
The Triangle Business Journal reports nine energy companies had expressed interest in bidding on the site.
Last Updated on Friday, 17 March 2017 12:19
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