Offshore Drilling vs. Offshore Wind – Should the Revenue Model Differ?
By Brian O'Hara, President
July 30 2013
This week, the U.S. government will hold the first ever commercial auction for a lease to develop offshore wind energy in the United States. In addition to marking a significant step forward for this new industry, this first auction also provides us with a good opportunity to reflect on some of the key differences between leasing for offshore renewable energy and offshore oil and gas, especially when it comes to revenue collection.