The largest ever US sale of offshore wind development rights – for areas off the coasts of New York and New Jersey – attracted record-setting bids on Wednesday from companies seeking to be a part of President Joe Biden’s plan to create a booming new domestic industry.
It is the first offshore wind lease sale under Biden, who has made expansion of offshore wind a cornerstone of his strategy to address global warming and decarbonise the US electricity grid by 2035, all while creating thousands of jobs.
With bidding still under way, the auction was on track to easily top the $405m US offshore wind auction record set in 2018, according to updates posted on the US Bureau of Ocean Energy Management’s (BOEM) website.
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