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Equinor submits winning bid for offshore wind lease in Massachusetts (US)

Norwegian energy company Equinor (formerly known as Statoil) has submitted a winning bid of US$135m for the offshore wind power lease area OCS-A 0520 during the latest auction conducted by the US Department of the Interior's Bureau of Ocean Energy Management (BOEM). Two other companies were declared provisional winners in the round, namely Mayflower Wind and Vineyard Wind, with bids of US$135m each.



The BOEM estimates that if fully developed, the areas could support roughly 4,100 MW of commercial wind power generation, enough electricity to power nearly 1.5 million homes.



Equinor is already active in the US offshore wind industry and won the federal lease auction of 80,000 acres (324 km²) south of New York and east of New Jersey in December 2016. Two projects are currently under development: Empire Wind in New York and Boardwalk Wind in New Jersey.



Equinor submits winning bid for offshore wind lease in Massachusetts

Source: Equinor