First Offshore Wind Lease Sale in the Gulf of Maine

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The Bureau of Ocean Energy Management (BOEM) completed its sixth offshore wind lease sale by offering areas in the Gulf of Maine – the first commercial sale for floating offshore wind on the Atlantic Coast. The auction resulted in two provisional winners on four lease areas and over $21.9 million in winning bids. Through the sale, Avangrid Renewables, LLC won Lease OCS-564 at $4,928,250, which consists of 98,565 acres and Lease OCS-568 at $6,244,850, which consists of 124,897 acres. Both lease areas are approximately 29.5 nautical miles (nm) from Massachusetts. Invenergy NE Offshore Wind, LLC won Lease OCS-562 at $4,892,700, which consists of 97,854 acres and is approximately 46.2 nm from Maine and Lease OCS-567 at $5,889,000 which consists of 117,780 acres is approximately 21.6 nautical nm from Massachusetts. Together, the leased areas have the potential to power more than 2.3 million homes with clean energy. More information is available here.