Local Climate Leadership Project
  • About
  • Leaders
    • Join
  • Summits
    • Cape & Islands Summit
    • Taunton Summit
    • 2019 Statewide Summit
    • North Andover Summit
    • Worcester Summit
    • Pittsfield Summit
    • Newton Summit
    • Acton Summit
  • News
  • About
  • Leaders
    • Join
  • Summits
    • Cape & Islands Summit
    • Taunton Summit
    • 2019 Statewide Summit
    • North Andover Summit
    • Worcester Summit
    • Pittsfield Summit
    • Newton Summit
    • Acton Summit
  • News

News & Updates

Offshore wind auction draws huge interest and big money (Boston Globe 12/15/18)

12/15/2018

0 Comments

 
Picture
The blockbuster auction for offshore wind leases that wrapped up Friday should leave few doubts: The industry has finally arrived in New England.
Three developers backed by major European energy companies paid a record $405 million to gain access to 390,000 acres of federal waters nearly 20 miles south of Martha’s Vineyard and Nantucket. These firms will each pay $135 million to the federal government for the rights to build massive windmills in their respective slices of the ocean.
“We are completely blown away by this result,” Walter Cruickshank, acting director of the US Bureau of Ocean Energy Management, told reporters after the auction ended.
Cruickshank was speaking for the agency that oversaw the auction, but he also summed up much of the industry’s reaction.
Until now, the record for an offshore wind lease was held by Statoil, which agreed two years ago to pay $42 million to win control of nearly 80,000 acres off New York’s coastline. (read more)

0 Comments



Leave a Reply.

    Author

    Write something about yourself. No need to be fancy, just an overview.

    Archives

    October 2019
    September 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    December 2017
    November 2017
    October 2017

    Categories

    All

    RSS Feed

About

Join

Trainings

Contact

Sierra Club® and "Explore, enjoy and protect the planet"® are registered trademarks of the Sierra Club. © Sierra Club 2017.
The Sierra Club Seal is a registered copyright, service mark, and trademark of the Sierra Club.