$3.2B (and counting) bid in largest US offshore wind auction – What We Know!

$3.2B (and counting) bid in largest US offshore wind auction

ATLANTIC CITY, N.J. – Corporations excited about constructing wind vitality generators within the ocean off New Jersey and New York had bid greater than $3.2 billion for the best to take action as of Thursday night, with additional bidding due on Friday.

The biggest public sale of offshore wind websites within the nation’s historical past is drawing robust curiosity from corporations as a sign of the trade’s potential.

The second day of the public sale by the U.S. Bureau of Ocean Power Administration concerned six tracts of ocean flooring off New York and New Jersey in an space referred to as the New York Bight.

When totally developed, these websites may present sufficient vitality to energy 2 million properties, the company mentioned.

Greater than $1.5 billion price of bids had been acquired Wednesday, the primary day of the public sale. Bidding is to renew at 9 a.m. EST on Friday.

The response to the public sale “exhibits that the offshore wind trade has actually arrived,” mentioned Doug O’Malley, director of Setting New Jersey, including that it “proves that clear renewable vitality off the Jersey Shore is poised to enter a increase interval.”

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The public sale for almost 500,000 acres (about 202,342 hectares), when mixed with previous auctions, will span almost 1 million acres. It was the biggest such public sale within the nation’s historical past, the ocean vitality bureau mentioned.

President Joe Biden has set a aim to put in 30 gigawatts of offshore wind energy by 2030, producing sufficient electrical energy to energy greater than 10 million properties.

The administration has authorized the nation’s first two commercial-scale offshore wind tasks in federal waters: the 800-megawatt Winery Wind challenge off the Massachusetts coast and the 130-megawatt South Fork wind farm close to New York’s Lengthy Island.

Not everyone seems to be delighted with the scope and velocity of offshore wind growth. Householders teams in a number of spots in New Jersey are opposing the tasks on environmental, financial and aesthetic grounds.

And even some environmental teams are displeased. New Jersey’s Clear Ocean Motion referred to as the public sale “an excessive amount of, too quick.”

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“COA helps accountable and affordable offshore wind vitality, however this can be a reckless privatization, and won’t guarantee safety of marine life together with whales, dolphins, turtles and the a whole bunch of different species that decision the ocean house,” the group mentioned.

Cindy Zipf, the group’s govt director, mentioned the public sale space is 5 instances the scale of New York Metropolis.

5 of the six tracts are positioned off the central or southern coasts of New Jersey. The biggest, at over 114,000 acres (about 46,134 hectares), is positioned off the coast of Lengthy Seashore Island, and will generate sufficient electrical energy to energy almost half 1,000,000 properties, in accordance with the ocean vitality bureau.

The bureau mentioned it can make public the identities of the profitable bidders as soon as the public sale is concluded.

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Observe Wayne Parry on Twitter at @WayneParryAC

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