TWO DEVELOPERS purchased four deepwater offshore wind lease areas off the New England coast on Tuesday, but four others went unclaimed.
Avangrid, the biggest player in New England offshore wind development, purchased two lease areas 30 miles east of Cape Cod for a total of nearly $11.2 million.
The lease areas are in deep water where floating turbines will have to be used.
Avangrid is co-developer of Vineyard Wind1, a wind farm south of Nantucket that is struggling to get back on track after suffering a turbine blade failure and then having to remove several other turbine blades. Avangrid earlier this year won a procurement to build another wind farm called New England Wind 1 adjacent to Vineyard Wind 1. Final pricing for that deal hasn’t been announced yet.
The leases announced Tuesday by the Bureau of Ocean Energy Management allow the companies to submit a wind farm project for federal review. The lease sale came one week before a presidential election that many believe could be pivotal for offshore wind since Donald Trump has announces that he intends to shut down the offshore wind industry if he is elected.
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