Utility Dive•about 1 month ago
Offshore wind lease buyouts create troubling precedent, say former DOI officials
Key Takeaway
Offshore wind developers and IPPs should anticipate increased regulatory scrutiny on lease acquisitions and transfers due to concerns over anti-competitive practices.
AI Summary
- •Former Department of Interior officials are raising concerns about offshore wind lease buyouts.
- •The primary worry is that such buyouts could be used for anti-competitive purposes, potentially stifling market competition and project development.
- •This issue is seen as creating a 'troubling precedent' that may prompt future regulatory scrutiny or policy changes regarding offshore wind lease transfers.
- •Developers and IPPs should be aware of potential increased regulatory oversight on lease acquisitions and transfers in the offshore wind sector.
Topics
m&apolicywind
Article Content
“You wouldn't want to create a situation where you are allowing companies, for instance, to buy up leases for anti-competitive purposes,” said former Bureau of Ocean Energy Management director Liz Klein.