The purchased lease area went for about $55 per acre, compared with average sale prices of at least $1,000 per acre in the last four U.S. offshore wind lease auctions.

We Also Recommend

Inflation Reduction Act could spur American solar manufacturing renaissance, advocates say

Global EV sales rise 80% in 2021, as automakers including Ford, GM commit to zero emissions: BNEF

FERC approves 6-month delay to PJM’s next 3 capacity auctions