New Year Brings Winds of Change

摘要

You don't need a crystal ball to predict that offshore wind has a real future in the United States. You should just look at the results of the Bureau of Energy Management (BOEM) offshore wind lease held in mid-December to determine which way the wind is blowing. The lease sale offered about 390,000 acres offshore Massachusetts for development and drew winning bids from three developers that totaled about $405 million. That's pretty astounding considering the previous highest grossing offshore wind lease sale was held in December 2016 for acreage offshore New York that received a winning bid of about $42 million.