ASSOCIATED PRESS • October 29, 2024
The U.S. government chose winning bids Tuesday to develop wind power off New England in the first commercial sale for floating offshore wind on the Atlantic coast. The Bureau of Ocean Energy Management held a lease sale and selected nearly $22 million in winning bids for four lease areas from two firms. The lease areas are in the Gulf of Maine, which is a critical fishing ground for the U.S. lobster industry. Two of the leases went to Avangrid Renewables. The other two leases went to Invenergy NE Offshore Wind. The four areas combined are more than 625 square miles.