Texas Hosting Bids For Offshore Wind Farm Leases
Texas, the top producer of wind power among U.S. states, will hold the nation's first competitive sale of leases for offshore wind-power facilities.
Texas General Land Office said. Jerry Patterson, Commissioner of the Texas General Land Office, is seeking bidders for the nation’s first competitive lease sale for the rights to develop offshore wind power on a combined area of 73,098 acres in the Gulf of Mexico. Bids must be received no later than 10am (CST) on October 2, 2007 at the General Land Office in Austin, Texas.
This is exciting. However, the question not addressed by the bidding announcement is how respondents might manage the risk of hurricane damage. Will they have to significantly bolster tower and blade strength? Is special insurance required? These issues may factor into the bids we presume.