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BOEM Modernization Rule Decision

BOEM

The Department of the Interior said the Bureau of Ocean Energy Management (BOEM) will publish a proposed rule to clarify ambiguous provisions in a move that will save developers around $1bn over a 20-year period.

Specific measures including eliminating unnecessary requirements for deployment of meteorological buoys, increasing survey flexibility, improving the project design and installation verification process and establishing a public Renewable Energy Leasing Schedule.

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