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NORTH CAROLINA: Duke Energy says offshore wind is too expensive to build, for now

August 25, 2025 — Duke Energy is not moving forward with wind energy off North Carolina’s coast after determining proposals from three developers are more expensive than solar panels and battery storage that result in the same amount of energy.

The N.C. Utilities Commission’s carbon and resource plan finalized last fall directed Duke to ask the three companies who have North Carolina offshore wind leases how much building those wind farms would cost. If those proposals were cost-competitive, the Commission ordered, Duke should proceed with a binding request for proposals.

Read the full article at WHQR

NORTH CAROLINA: Will North Carolina get offshore wind farms? Right now it’s up to one state commission

November 21, 2022 — There’s a swath of ocean just over the horizon off Oak Island, in the southeast corner of North Carolina, that one day could be home to hundreds of towering offshore wind turbines. The project, federal regulators say, could produce as much power as Duke Energy’s nearby Brunswick Nuclear plant.

Duke Energy won the rights to build a wind farm in one of two leases off the coast of Brunswick County and Myrtle Beach, called the Carolina Long Bay area. The company said that lease is not part of the sale it announced recently of its renewable energy business.

This is all part of a plan, passed last year by the General Assembly, to reduce carbon emissions from power companies by 70% by 2030 and make power generation carbon neutral by 2050.

But how that works, and what role offshore wind plays in North Carolina’s clean energy mix, is now in the hands of the state Utilities Commission. The commission, which oversees North Carolina power companies, has been taking comments and proposals for months.

“We know the absolute earliest we’ve seen anyone projecting offshore wind is in the 2030 timeframe,” said Katherine Kollins, a wind industry advocate who leads the Southeast Wind Coalition. “That still is a lot of lead time, more than I would like.”

Read the full article at Spectrum News

2nd Interior lease sale boosts N.C. offshore wind

May 13, 2022 — Developers bet big on the prospect of offshore wind in North Carolina yesterday in an auction that accelerates the momentum of the Biden administration’s offshore wind thrust — and proves the industry aims to grow its footprint in the southern Atlantic.

After an all-day bidding war, French oil giant TotalEnergies SE and southern utility Duke Energy Corp. pledged a combined $315 million for the right to raise turbines in the sea off the state’s coast.

The two lease areas sold yesterday by the Interior Department could support an estimated 1.3 gigawatts of wind power between them and total 110,000 acres in federal waters roughly 20 miles south of North Carolina’s Bald Head Island. That’s enough to potentially power a half-million homes (Energywire, March 25).

The sale is part of the Biden administration’s push to raise hundreds of offshore wind turbines — 30 gigawatts of clean energy — on the outer continental shelf by 2030. Offshore wind is a critical lever in the White House’s larger climate ambitions, to decarbonize the nation’s grid by 2035 and zero out emissions economywide by midcentury.

But the robust sale that closed after 17 rounds of bidding was widely seen also as a success for the industry’s regional prospects and the sector’s growing potential footprint in the U.S. energy mix.

Read the full story at E&E News

Duke Energy wins with $155M bid to run wind farm off South, North Carolina coasts

May 12, 2022 — Duke Energy is one of two provisional winners to win a bid to run an offshore wind farm in the Carolina Long Bay area, the U.S. Department of the Interior announced Wednesday afternoon.

Duke Energy Renewables Wind, LLC, submitted a $155 million bid for 55,154 acres. TotalEnergies Renewables USA,LLC, submitted a $160 million winning bid for 54,937 acres.

The Carolina Long Bay area is off the shore of northern South Carolina and southern North Carolina.

Read the full story at WBTW

 

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