Contact: Erin Clarke, Anbaric
eclarke@anbaric.com | 781-708-0444

 

Wakefield, MA — December 14, 2018 — The record bid prices for three offshore wind lease areas off the shores of Massachusetts hold great promise to help keep the Commonwealth a leader in U.S. offshore wind. And the greatly expanded geography for harnessing offshore energy also underscores the need for a separate, shared transmission system to minimize environmental impacts while building a new industry and delivering renewable energy at the lowest possible cost, according to Edward N. Krapels, CEO of Anbaric.

Today the Bureau of Ocean Energy Management (BOEM) concluded an auction for three new lease areas that together could easily double Massachusetts’ wind procurement target of 1,600MW, drawing international interest and record pricing. The three lease winners were Vineyard Wind LLC, Mayflower Wind Energy LLC, and Equinor Wind US LLC.

“It’s a great day for renewable energy,” said Krapels. “This week’s lease auction marks another important milestone in Massachusetts’ progress toward creating a clean-energy future. The strong bidding for the BOEM leases reflects a growing conviction in offshore wind as a robust and affordable renewable energy source, and that Massachusetts is poised to lead the way. The challenge remains to best harness this natural resource by building the most efficient transmission infrastructure. Only then will we minimize environmental impacts and maximize job creation while delivering renewable energy at the best possible price.”

 

About Anbaric:

Anbaric creates and builds electric businesses of the future. Anbaric’s financial partner is the Ontario Teachers’ Pension Plan. With a focus on transmission and distributed energy, Anbaric creates new entities that transform old energy systems into more effective and resilient ones with an emphasis on clean energy. For more information visit www.anbaric.com