September 6, 2024 — The Bureau of Ocean Energy Management outlined how its Oct.15 auction will work in a final sale notice released Tuesday.
Five companies have qualified to participate in the auction, bringing offshore wind development experience from around the world.
Avangrid, which is owned by the Spanish electric utility Iberdrola, is the co-owner of the Vineyard Wind project off the coast of Massachusetts. That project was criticized recently after a blade detached from a turbine in mid-July, and truckloads of fiberglass debris washed up on shore, according to the Boston Globe.