By Christopher Martin (Bloomberg) — Migrating whales will have the right of way off the coast of Martha’s Vineyard starting this month under a new agreement between a wind developer and environmental groups. Vineyard Wind, which is building the first commercial-scale offshore wind farm in the U.S.,...
U.S. offshore wind
Offshore Wind Lease Off New Jersey Sells for 21,000% Gain in Just Three Years
By Christopher Martin (Bloomberg) — An Italian construction company just sold its lease to develop a wind farm in waters off the New Jersey coast for $215 million, about 21,000 percent more than it paid only three years ago. Toto Holding SpA’s U.S. Wind unit, which paid about $1 million for the...
Europeans Sweep Record U.S. Offshore Wind Lease Auction
By Nichola Groom Dec 14 (Reuters) – A U.S. government auction for three wind leases off the coast of Massachusetts ended on Friday with record-setting bids totaling more than $400 million from European energy giants including Royal Dutch Shell Plc and Equinor ASA. The Bureau of Ocean Energy...
Offshore Wind Bonanza Draws Bidding War in Record-Setting Sale
By Jennifer A. Dlouhy (Bloomberg) — Companies competed Thursday for the opportunity to install wind turbines in Atlantic waters off Massachusetts in an auction that shattered records even as it headed toward a second day of frenzied bidding. After 24 rounds of sealed bidding, companies had already...
U.S. Offshore Wind Lease Bids at $285 Million, Bidding to Continue Friday
By Nichola Groom Dec 13 (Reuters) – A U.S. government auction for three wind leases off the coast of Massachusetts was on track to blow through a previous sale record on Thursday, with bids standing at combined $285 million after 24 rounds. The bidding, which took place over nine hours on Thursday,...
U.S. Interior Dept. Takes First Step to Offshore Wind Leasing Off California Coast
The U.S. Department of Interior is taking its first step towards offering federal waters off the coast of California up for lease to offshore wind developers that could result in the first offshore wind farm off the U.S. West Coast. The Department of Interior’s Bureau of Ocean Energy Management...
Aeolus Energy Planning Jones Act-Compliant Fleet of Offshore Wind Vessels
Orlando-based Aeolus Energy has signed an agreement with Norwegian shipbuilding group Ulstein to design the first Jones Act compliant service vessel for the budding U.S. offshore wind market. Aeolus says the purpose-built vessel, known in the industry as a Service Operations Vessel (SOV), will be...