Sunday, February 25, 2024
29 C
Brunei Town

Bid begins in largest US offshore wind auction

ATLANTIC CITY, NEW JERSEY (AP) – Companies interested in building wind energy turbines in the ocean off New Jersey and New York had bid more than USD3.2 billion for the right to do so as of Thursday evening, with further bidding yesterday.

The largest auction of offshore wind sites in the nation’s history is drawing strong interest from companies as an indication of the industry’s potential.

The second day of the auction by the US Bureau of Ocean Energy Management involved six tracts of ocean floor off New York and New Jersey in an area known as the New York Bight.

When fully developed, these sites could provide enough energy to power two million homes, the agency said. More than USD1.5 billion worth of bids were received on Wednesday, the first day of the auction.

The construction site of the concrete foundations of Fecamp offshore farm’s future wind turbines in Le Havre. PHOTO: AP