Energy

Wind firms pay $135m each for offshore tracts

Wind firms pay $135m each for offshore tracts

Interior Department called the auction a 'bidding bonanza'

By Michael P. Norton Electricity, Energy 0 Comments Dec 14, 2018

STATE HOUSE NEWS SERVICE THREE LEASE WINNERS have each agreed to pay $135 million to gain access to ocean tracts off the coast of Massachusetts where they may someday build commercial-scale wind energy installations. The results of Thursday’s federal government auction of 390,000 acres were announced Friday by the Bureau of Ocean Energy Management. The(...)

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