Martha’s Vineyard wind-farm sites spur $405 million bids - News Summed Up

Martha’s Vineyard wind-farm sites spur $405 million bids


Equinor Wind US LLC, Mayflower Wind Energy LLC and Vineyard Wind LLC each pledged $135 million to secure individual leases from the U.S. government, drawn by state pledges to buy offshore wind power. “These $100 million-plus bids reflect the strength of state commitments to offshore wind,” Cheryl Wilson, an analyst at Bloomberg Intelligence. “They’re creating momentum for an offshore industry in the Northeast.”Article Continued BelowRevenue from the wind auction flows to U.S. government coffers. “The intense competition we’ve seen in this offshore wind lease auction is completely unprecedented,” said Nancy Sopko, director of offshore wind policy at the American Wind Energy Association. Equinor’s victory gives the Norwegian energy company a second U.S. offshore wind lease, building on its existing holding east of New York.


Source: thestar December 15, 2018 16:07 UTC



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