Virginia could make almost $5B from this 3.5 GW offshore wind farm
Baua Electric
MARCH 8, 2024
Kitty Hawk Wind’s power grid interconnection would bring in $275 million in cumulative property tax revenue for its host, the City of Virginia Beach. The US Bureau of Ocean Energy Management (BOEM) awarded Kitty Hawk Wind the 122,405-acre lease in 2017 to develop an offshore wind project off the coast of North Carolina and Virginia.
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