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Duke Energy, TotalEnergies Win North Carolina Offshore Wind Leasing Auction with $315 Million in Total Bids, Utility Dive

May 12, 2022

Partner Ella Foley Gannon commented in a Utility Dive article on an auction held by the Bureau of Ocean Energy Management (BOEM) that garnered $315 million in bids to lease areas off the coast of Wilmington, North Carolina, to potentially develop at least 1.3 gigawatts of offshore wind.

The proposed and final sale notices in the auction—and BOEM’s separate New York Bight auction—all reflected slight changes, Ella told Utility Dive. More changes to the auction process are expected from BOEM, and “all of the bidders are commenting on this and watching [the auctions] pretty closely.”

“It’s somewhat more of a risky proposition to be buying into the North Carolina [offshore wind market],” Ella shared. While Duke Energy can propose an offshore wind project to state regulators, “TotalEnergies is just betting on North Carolina or one of its neighbors” having a Research Experience in Carbon Sequestration in program soon.

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