Big interest in wind energy off NY, NJ in largest US auction
The largest auction of offshore wind sites in the nation’s history is drawing strong interest from companies in an indication of the industry’s potential.
By midday Thursday, the second day of the auction by the U.S. Bureau of Ocean Energy Management, bids had reached $2 billion on six tracts of ocean floor off New York and New Jersey in an area known as the New York Bight.
When fully developed, these sites could provide enough energy to power 2 million homes, the agency said.