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Carolina Long Bay Offshore Wind Farm Project

Sector: Raw Materials • Location: Brunswick County, North Carolina, United States

Source: AOL

Project
Cancelled

Duke Energy's Carolina Long Bay offshore wind lease, acquired in 2022 for $155 million, was a proposed wind farm project off the coast of Brunswick County, North Carolina. The project was in early stages of development but has been pulled as part of a settlement with the Department of the Interior. Duke Energy agreed to terminate the lease valued at $129 million and reinvest that amount in additio

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The project “Carolina Long Bay Offshore Wind Farm Project” is an infrastructure initiative in the Raw Materials sector, located in Brunswick County, North Carolina, United States. Taiyo aggregates data on it from AOL.

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cancelled

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Description

Description

Duke Energy's Carolina Long Bay offshore wind lease, acquired in 2022 for $155 million, was a proposed wind farm project off the coast of Brunswick County, North Carolina. The project was in early stages of development but has been pulled as part of a settlement with the Department of the Interior. Duke Energy agreed to terminate the lease valued at $129 million and reinvest that amount in additional generating capacity, potentially including new nuclear and natural gas generation, to benefit customers in the Carolinas.

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Source reliability

High

Data quality score

100%

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URL

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