Offshore wind energy auction in NJ, NY draws $4.37B in bids
Six companies bid a combined $4.37 billion for the right to build wind energy projects on the ocean floor off New Jersey and New York in the U.S. government’s largest such auction in history, a federal agency said Friday.
The auction by the U.S. Bureau of Ocean Energy Management involved six tracts 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.