An auction for three wind lease zones off the coast of Massachusetts has kicked off with 11 bids.
The Bureau of Ocean Energy Management set prices of roughly $250,000 for the first round of the auction, which will continue throughout the day.
In the first round, lease one received six bids at $257,622, lease two received one bid at $254,776, and lease three received four bids at $264,740.
The auction consists of a series of rounds. During each round, companies can choose to pay the new price tag or drop out of consideration.
Nineteen companies from Europe and the US are qualified to bid on the leases, but BOEM will not release the names of specific companies bidding on the leases until the conclusion of the auction.
Each lease area contains about 53,000 hectares, and lie directly southeast of areas already leased to Vineyard Wind and Bay State Wind.
This auction is slightly different because the three leases are auctioned simultaneously and companies have the option to bid on any of the leases during each round.
“This auction will have different dynamics than we've had in previous auctions,” a BOEM spokesperson said.
The other companies able to compete in the auction are Camellia Wind Energy, Blue Cloud Wind Energy, Cobra Industrial Services, East Wind, EC&R Developments, EDF Renewables, EDPR Offshore North America, Enbridge Holdings (Green Energy), Innogy US Renewable Projects, Mayflower Wind Energy, Northeast Wind Energy, Northland Power America, PNE Wind USA, Vineyard Wind, Wind Future and WPD Offshore Alpha.
Source:renews
