The biggest offshore wind energy lease auction to date brought in $405 million for three tracts off New England, in what federal officials call a signal of momentum for the budding U.S. industry.
“Wow. It’s the highest-grossing (wind power) lease ever. We are truly blown away by this result,” said Walter Cruickshank, acting director of the federal Bureau of Offshore Energy, in a telephone press conference shortly after 32 rounds of bidding closed around 11:20 a.m. Friday.
Starting at 9 a.m. on...