Record-Breaking $405M Massachusetts Offshore Wind Auction Signals Growing Industry
The U.S. Bureau of Ocean Energy Management auctioned three leases off Massachusetts’ coast earmarked for the development of offshore wind farms, reaping a record-breaking $405-million, according to a Dec. 14 press release. The bureau sold commercial wind energy leases comprising nearly 390,000 acres, which are expected to support about 4.1 gigawatts of power. Out of 11 bidders,…