No winners during 1st day of bidding in New York Bight auction
A picture from Cathie Associates visit to the US’ first commercial offshore wind farm; Block Island.
February 24 (Renewables Now) - The first day of bidding in the auction for the New York Bight offshore wind lease area ended with no winners.
On offer are six lease areas off the coasts of New York and New Jersey that could accommodate between 5.6 GW and 7 GW of offshore wind capacity.
The US Bureau of Ocean Energy Management (BOEM) fired the starting gun at 0900 AM EST on Wednesday and took a recess at 0600 PM EST. Bidding will resume at 0900 EST on Thursday, February 24.
After 21 rounds, five bidders are willing to pay USD 410 million for the largest area. You can find more information about each round in the table below.
This is not only the first US offshore wind lease sale in over three years but also the one to offer the most areas in a single auction to date, as stated by the US Interior Department when it scheduled the competitive process in January 2022.