Author: McKinley Corbley / Source: Good News Network
In an exciting new display of America’s shift towards sustainability, the government has just leased out 390,000 acres of federally-owned waters for offshore wind farming.
The leasing rights collectively sold for $405.1 million, making it the largest offshore wind deal in the nation’s history.
The land is located just off the coast of Rhode Island and Martha’s Vineyard. According to the Bureau of Ocean Energy Management (BOEM), they decided to auction off the rights to the land after they were approached by two different power companies that expressed interest in using the acreage for wind turbines.
It was not just the two companies that ended up competing for the land, however – the auction ended up attracting 11 different bidders.
“These lease prices and the fact that we had 19 companies eligible to bid on these leases is great news for the overall US…
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