Wind Farm Lease Awarded to Vineyard Power
February 4, 2015
Vineyard Gazette: The [Martha’s Vineyard]-owned energy cooperative Vineyard Power, along with a partner, was awarded a provisional lease Thursday [Jan. 29] to develop an offshore wind farm in federal waters off the Vineyard.
The federal Bureau of Ocean Energy Management announced the lease following an online auction Thursday morning. Vineyard Power and its partner Offshore MW bid $166,000 for the right to lease just over 166,886 acres about 12 nautical miles south of the Island. One other lease was awarded Thursday to a separate bidder, RES America Development Inc., for a little over $281,000. Four lease areas were up for bid.
Read more about the wind farm lease awarded to Vineyard Power.