Mass. Offshore Lease Auction Nets Record $405 Million

Offshore wind in the U.S. hit a new milestone Friday when the eighth federal lease auction brought in $405 million for three sites — about six times the revenue from all previous auctions combined.

Eleven companies participated in 32 rounds of bidding. The winners were Equinor, a Norwegian state-controlled company formerly known as Statoil; Mayflower Wind Energy, a joint venture of Shell and EDP Renewables; and Vineyard Wind, a joint venture by Iberdrola and Copenhagen Infrastructure Partners.

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