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Latest US Offshore Wind Auction Draws Few Bidders
Renewable Energy World: Massachusetts, USA -- The U.S. Bureau of Ocean Energy Management held its fourth offshore wind lease auction yesterday, but unlike the action seen in auctions past, the event was much more subdued. The auction consisted of a massive parcel of land — 742,000 acres, divided into four parcels — off the coast of Massachusetts near the island of Martha’s Vineyard.
Only two of the registered ten bidders showed up. RES America Inc. purchased a 187,523-acre parcel for $281,285, while Offshore MW LLC purchased 166,886 acres for a mere $166,886, the remaining two parcels were left without bidders.
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