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Article: Texas taking bids on offshore wind leases: Land office puts tracts in gulf waters up for lease in drive for profit and more energy.
- Article from:
- The Dallas Morning News (Dallas, TX)
- Article date:
- September 13, 2007
CopyrightCOPYRIGHT 2007 The Dallas Morning News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Vasanth Sridharan
Sep. 13--The Texas General Land Office is accepting bids for the right to produce energy in the Gulf of Mexico. But the winners won't be drilling for oil or natural gas -- they will be harnessing the wind.
This is the first time in the U.S. that leases for offshore wind production are being put in a competitive bid process -- the process that doles out virtually all of the oil and natural gas tracts. The bids must be received no later than Oct. 2.
Producing wind energy offshore is largely untested right now. There is one company that holds a wind energy lease in Texas waters -- off the coast of Galveston -- but it ...