Bid $3.2 billion (and counting) in the largest offshore wind energy auction in the United States
ATLANTIC CITY, NJ — Companies interested in building wind turbines in the ocean off New Jersey and New York had bid more than $3.2 billion for the right to do so Thursday night, along with others auction scheduled for Friday.
The largest offshore wind site auction in the country’s history is attracting strong corporate interest as an indication of the industry’s potential.
The second day of the auction by the US Office of Ocean Energy Management involved six stretches of ocean floor off New York and New Jersey in an area known as New York Bight.
Once fully developed, these sites could provide enough energy to power 2 million homes, the agency said.
More than $1.5 billion in bids were received Wednesday, the first day of the auction. Bidding is scheduled to resume at 9 a.m. EST on Friday.
The response to the auction “shows that the offshore wind industry has really arrived,” said Doug O’Malley, director of Environment New Jersey, adding that it “proves that clean renewable energy off the coast of New Jersey are about to enter a boom period.”
The nearly 500,000 acre auction, when combined with previous auctions, will cover nearly one million acres. It was the largest such auction in the country’s history, the ocean energy office said.
President Joe Biden has set a goal to install 30 gigawatts of offshore wind power by 2030, generating enough electricity to power more than 10 million homes.
The administration approved the nation’s first two commercial-scale offshore wind projects in federal waters: the 800-megawatt Vineyard Wind project off the coast of Massachusetts and the 130-megawatt South Fork Wind Farm near Long Island in New York.
Not everyone is thrilled with the scale and speed of offshore wind development. Homeowners’ groups in several locations in New Jersey oppose the projects on environmental, economic, and aesthetic grounds.
And even some environmental groups are unhappy. New Jersey’s Clean Ocean Action called the auction “too much, too fast.”
“COA supports responsible and reasonable offshore wind power, but it is reckless privatization and will not ensure the protection of marine life, including whales, dolphins, turtles and the hundreds of others. species that inhabit the ocean,” the group said.
Cindy Zipf, the group’s executive director, said the bidding area was five times larger than New York City.
Five of the six zones are located off the central or southern coasts of New Jersey. The largest, at more than 114,000 acres, is located off Long Beach Island and could generate enough electricity to power nearly half a million homes, according to the office. ocean energy.
The bureau said it would release the identities of successful bidders once the auction is closed.