Gulf of Maine holds first offshore wind lease auction, selling four areas for $21.9 million.

The Gulf of Maine held its inaugural offshore wind lease auction, selling four areas to two developers for approximately $21.9 million. This event signals the start of offshore wind energy projects in the region, with potential benefits for the renewable energy sector in the Northeast. The U.S. Bureau of Ocean Energy Management noted that while the auction generated interest, the total bids were lower than anticipated. Winning companies have not yet been revealed.