US BOEM to hold offshore wind lease auction for up to 7 GW in Feb

Block Island wind farm

January 12 (Renewables Now) - The US Bureau of Ocean Energy Management (BOEM) will hold an auction next month for 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 announcement about the February 23 auction was made today by Secretary of the Interior Deb Haaland. It concerns a roughly 480,000-acre area known as the New York Bight.

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. More details can be found here:

BOEM pointed out that this auction will include a number of innovative lease stipulations aimed at promoting the development of a local offshore wind supply chain and enhancing engagement with Tribes, the commercial fishing industry and other ocean users, as well as underserved communities.

The Biden-Harris administration has set an objective to install 30 GW of offshore wind by 2030. Together, New York and New Jersey will seek to deploy over 16 GW by 2035.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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