Mass. wind-farm site spurs record $405M bids

OFFSHORE WIND DEVELOPMENT lease rights for 390,000 acres of federal tracts south of Martha's Vineyard was auctioned for a record $405 million. Above the Block Island Wind Farm. / COURTESY DEEPWATER WIND
OFFSHORE WIND DEVELOPMENT lease rights for 390,000 acres of federal tracts south of Martha's Vineyard was auctioned for a record $405 million. Above the Block Island Wind Farm. / COURTESY DEEPWATER WIND
NEW YORK - Three companies bid a record-shattering $405 million to nab United States rights to build offshore wind farms near Massachusetts on Friday, a testament to the surging appeal of renewable power and investors’ growing confidence in demand for it. Equinor Wind US LLC, Mayflower Wind Energy LLC and Vineyard Wind LLC each pledged…
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