The just completed New York Bight offshore wind lease sale was the highest-grossing competitive U.S. offshore energy lease sale in history —attracting competitive winning bids from six companies totaling approximately $4.37 billion.
In comparison the most recent oil and gas sale—Gulf of Mexico Lease Sale 257— generated $191.6 million in high bids. That sale was later, of course, invalidated by a judge.
Today’s lease sale offered six lease areas totaling over 488,000 acres in the New York Bight...