Portland Press-Herald: Six months ago, a Norwegian company called Equinor submitted a winning bid of $135 million to lease a patch of ocean bottom off Martha’s Vineyard in Massachusetts from the federal government. It won a similar lease off New Jersey in 2016. Last winter the company submitted a third bid, off New York, and this summer is expected to bid on another round of leases off Massachusetts.
Why all the investment activity? The Northeast coast of the United States could become a second hub for commercial-scale offshore wind power, an Equinor vice president explained, one that could rival its position in the United Kingdom.
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