The U.S. Department of the Interior says is has auctioned some 80,000 acres off Maryland for wind energy development.
The Bureau of Ocean Energy Management held an auction on Tuesday. US Wind Inc. submitted the winning bid of $8.7 million.
The Maryland Wind Energy Area is located, at its closest point, about 10 nautical miles off Ocean City. Federal officials say When fully built, the wind energy area could generate enough energy to power about 300,000 homes.