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Code of Federal Regulations (Last Updated: November 8, 2024) |
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Title 30 - Mineral Resources |
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Chapter II - Bureau of Safety and Environmental Enforcement, Department of the Interior |
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SubChapter B - Offshore |
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Part 585 - Renewable Energy and Alternate Uses of Existing Facilities on the Outer Continental Shelf |
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Subpart C - Rights-of-Way Grants and Rights-of-Use and Easement Grants for Renewable Energy Activities |
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Competitive Lease Award Process—Auction Provisions |
§ 585.220 - How will BOEM award leases competitively?
Latest version.
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§ 585.220 How will BOEM award leases competitively?
(a) BOEM will award leases competitively using an objective, fair, reasonable, and competitive auction process that provides a fair return to the United States. As described in the FSN, leases will be awarded to the highest bidder.
(b) BOEM may use any analog or digital method to conduct the auction. The specific process and procedural details for each auction will be noticed in the PSN and finalized in the FSN.