This post is by John Rogers who is a senior energy analyst with the Union of Concerned Scientists and a director on the RENEW Northeast board.
UPDATE (Dec. 16, 1:34 pm EST): The intense bidding is finally over! After a marathon session that spilled into a second day, and 33 rounds (!) of bidding, the winner of the New York offshore wind area lease is Statoil Wind US. The $42.5 million winning price is by far the highest amount paid in any of the dozen auctions to date, and a real vote of confidence in the future of offshore wind in the US. Exciting times indeed.
It’s been quite a week for offshore wind in the US—new leases, new deals, and the first-ever offshore wind electrons in the Western Hemisphere.