US Offshore Wind Leases Only Half The Battle For Industry

Law360, New York (June 4, 2013, 8:29 PM EDT) -- The first-ever offshore wind energy lease sale in U.S. coastal waters unveiled by the Obama administration Tuesday removes some obstacles for potential projects, but attorneys warn that high costs and complex logistics will still present significant hurdles for developers hoping to successfully plant turbines in the ocean.

Details of the lease auction, long in the works, were formally announced by the U.S. Department of the Interior on Tuesday. It will take place on July 31 and offer up nearly 165,000 acres of federal waters off the...
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