Bornholdt said BOEM has leasing regulations that would prevent energy companies from ‘‘banking’’ lease areas — acquiring leases but not developing them. A company, however, still has up to five years to provide a construction and operation plan.
The other companies that have expressed interest in the lease area are Arcadia Offshore Virginia, Cirrus Wind Energy Inc., enXco Development Corp., Fishermen’s Energy, Iberdrola Renewables and Orisol Energy US Inc.
Steve Szkotak can be reached on Twitter at http://twitter.com/sszkotakap .
Bureau of Ocean Energy Management: http://www.boem.gov/