The U.S. Department of Interior will auction off leases next month for the rights to build wind farms off the New England coast. One Rhode Island Company qualified to make a bid.
The auction will be for two areas in federal waters between Block Island and Martha’s Vineyard. Only nine companies made the cut to bid on leases to build wind farms on the outer continental shelf. Deepwater Wind is the lone Rhode Island business in the hunt. But its CEO, Jeff Grybowski is feeling confident about Deepwater’s chances.
“We’ve invested a good deal of money for a preliminary assessment of the site. So we feel we understand that site better than anyone else in the country. And I think we have a very good chance of winning the auction.
Grybowski adds the auction is a sign the federal government is moving aggressively to expand offshore wind energy. Currently, there are no offshore wind farms in the US. The auction will be held at the end of July.
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