New York Bight offshore wind lease sale generated a grand total of $4.37 Billion

The US Department of the Interior has announced the results of the competitive New York Bight offshore wind sale. The lease sale offered six lease areas totalling over 488,000 acres in the New York Bight for potential wind energy development and drew competitive winning bids from six companies totalling approximately $4.37 billion.

 

The provisional winners of today’s lease sale are:

 

Provisional Winner	Lease Area	Acres	Winning Bid
OW Ocean Winds East, LLC	OCS-A 0537	71,522	$765,000,000
Attentive Energy LLC	OCS-A 0538	84,332	$795,000,000
Bight Wind Holdings, LLC	OCS-A 0539	125,964	$1,100,000,000
Atlantic Shores Offshore Wind Bight, LLC	OCS-A 0541	79,351	$780,000,000
Invenergy Wind Offshore LLC	OCS-A 0542	83,976	$645,000,000
Mid-Atlantic Offshore Wind LLC	OCS-A 0544	43,056	$285,000,000

 

Before the leases are finalized, the Department of Justice and Federal Trade Commission will conduct an anti-competitiveness review of the auction, and the provisional winners will be required to pay the winning bids and provide financial assurance to Interior’s Bureau of Ocean Energy Management (BOEM).

 

The New York Bight offshore wind leases include stipulations designed to promote the development of a domestic U.S. supply chain for offshore wind energy and enhance engagement with Tribes, the commercial fishing industry, other ocean users and underserved communities. The stipulations will also advance flexibility in transmission planning. Stipulations include incentives to source major components domestically – such as blades, turbines and foundations – and to enter into project labour agreements to ensure projects are union-built.