"Offshore Wind Farm Leases Draw Few Bids From Wary Industry"

"Not too long ago, in 2013, the Obama administration began auctioning off leases for offshore wind farms up and down the Eastern Seaboard, hoping to spur a nascent industry.

But now, the industry is languishing. Projects off the coast of New England, New Jersey and Delaware are dead, moribund or struggling.

And an auction on Thursday for parcels off the coast of Massachusetts — some of the windiest areas of the country — drew little interest from developers. Two of the four parcels drew no bids at all, and the ones that did attracted substantially lower prices than other auctions in recent years."

Diane Cardwell reports for the New York Times January 29, 2015.