Date: 1/29/2015

The Interior Department's Bureau of Ocean Energy Management (BOEM) recently conducted the nation's fourth competitive lease sale for renewable energy in federal waters offshore Massachusetts for potential wind energy development. The auction consisted of two rounds, and RES America Developments, Inc. and Offshore MW LLC were the provisional winners of Lease Area OCS-A 0500 (187,523 acres) and OCS-A 0501 (166,886 acres), respectively. According to an analysis prepared by the U.S. Department of Energy's (DOE's) National Renewable Energy Laboratory, if fully developed, the area leased could support approximately 2 gigawatts of commercial wind generation, enough electricity to power more than 700,000 homes. BOEM expects to hold another competitive lease sale offshore New Jersey later this year.

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