California offshore auction receives more than $757m in winning bids

The US government has announced that California’s first auction of offshore wind construction rights received more than $757 million in winning bids, the majority of which came from European companies. The US Department of the Interior’s (DOI) Bureau of Ocean Energy Management (BOEM) auctioned off five lease areas on the state’s Outer Continental Shelf, totaling 73,268 acres.

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BOEM to lease site for offshore wind development for $4.37 billion

Under the New York Bight auction, the US Bureau of Ocean Energy Management (BOEM) has leased a 480,000-acre renewable development site offshore of New York and New Jersey. RWE Renewables, Ocean Winds, Invenergy, and Atlantic Shores were declared provisional auction winners by BOEM. Companies in the auction process submitted winning bids totaling $4.37 billion.

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