Monday,
May 1
May 1
BOEM Renewable Energy Modernization Rule
The Bureau of Ocean Energy Management is due to receive comments on its proposed rule to update and modernize the regulations governing wind energy development on the Outer Continental Shelf, or OCS. The revisions are aimed to facilitate the development of offshore wind energy resources to meet U.S. climate and renewable energy objectives, and are projected to save the renewable energy industry $1 billion over 20 years. The proposed rule contains reforms identified by the U.S. Interior Department and recommended by industry since 2010. The agency’s renewable energy program has evolved over the past 13 years, during which time the bureau has conducted eleven auctions and issued and managed 27 active commercial leases.