Massachusetts offshore wind auction draws global competitors, big money


David L. Ryan/GLOBE Staff/File

❝ The blockbuster auction for offshore wind leases that wrapped up Friday should leave few doubts: The industry has finally arrived in New England.

Three developers backed by major European energy companies paid a record $405 million to gain access to 390,000 acres of federal waters nearly 20 miles south of Martha’s Vineyard and Nantucket. These firms will each pay $135 million to the federal government for the rights to build massive windmills in their respective slices of the ocean…

❝ The victors: Equinor, a Norwegian company formerly known as Statoil until this past spring; Mayflower Wind, a joint venture owned by Shell and EDP Renewables; and Vineyard Wind, a venture controlled by Spain’s Iberdrola and Copenhagen Infrastructure Partners.

RTFA. Maybe someone will read it to the fake president.

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