February 25, 2022 — The Bureau of Ocean Energy Management (BOEM) is entering the second day of a long awaited sale of nearly a half-million acres of land for offshore wind infrastructure.
488,201 acres of land off the coast of Long Island and New Jersey—a region known as the New York Bight—went up for sale at 9 a.m. on Wednesday. Over the course of the day, six regions of land were offered to an approved list of 25 bidders that include oil and gas giants like Equinor and BP, and a number of smaller, local renewable energy companies like Atlantic Shores Offshore Wind and Bight Wind Holdings.
14 of these approved bidders showed up, the BOEM told Motherboard. Bids are ongoing, updated live on the BOEM website, and, across the six regions, have ranged from $4.3-million in the first round to $410-million in the 21st round. Bidding will continue on Thursday at 9 a.m.
It’s the largest area ever offered in a single auction, estimated to result in 5.6 to 7 gigawatts of renewable energy, enough to power 2-million homes, per a press release the Department of the Interior issued with the announcement of the auction in January. Deb Haaland, secretary of the interior, called the move a “once-in-a-generation opportunity to fight climate change and create good-paying union jobs” in the announcement.
“We are at an inflection point for domestic offshore wind energy development,” Haaland said in the release. “We must seize this moment – and we must do it together.”