RICHMOND, Va. (AP) -- Bidding has topped $1.1 million for the lease sale of an offshore Virginia ocean expanse for the development of wind power.
The federal Bureau of Ocean Energy Management auction began at 10:30 a.m. Wednesday and could continue through the day. By lunch hour, the bidding had topped $1 million for nearly 113,000 Atlantic Ocean acres.
Eight energy companies are eligible to bid on the right to develop wind farms that could power more than 700,000 homes.
The state's largest utility, Dominion Virginia Power, is among the energy companies that qualified to bid.
Steve Szkotak can be reached on Twitter at http://twitter.com/sszkotakap.
Virginia Offshore Wind Development Authority: http://wind.jmu.edu/offshore/vowda/
Virginia Offshore Wind Coalition: http://www.vowcoalition.org/
Bureau of Ocean Energy Management: http://www.boem.gov/
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