- Published: 02 February 2015 02 February 2015
The US Interior Department’s Bureau of Ocean Energy Management (BOEM) held the nation’s fourth competitive lease sale for renewable energy in federal waters offshore Massachusetts for potential wind energy development.
The auction consisted of two rounds before determining RES America Developments, Inc. and Offshore MW LLC as the provisional winners of Lease Area OCS-A 0500 (187,523 acres) and OCS-A 0501 (166,886 acres), respectively. Winning bids totalled US$ 448,171 in high bids. Lease OCS-A 0502 (248,015 acres) and Lease OCS-A 0503 (140,554 acres) did not receive bids. According to an analysis prepared by the U.S. Department of Energy’s National Renewable Energy Laboratory, if fully developed, the area leased could support approximately 2GW of commercial wind generation.