"Sold! First Parcels Auctioned For Future Offshore Wind Farms"

"A Rhode Island company was the highest bidder in the federal government's first-ever auction for the right to build an offshore wind farm."

"After 11 rounds, Deepwater Wind for two patches of ocean off the coasts of Massachusetts and Rhode Island. The winning bid was $3.8 million.

Not as many companies participated in the bidding as was expected, but industry representatives and government officials heralded the outcome as a sign that offshore wind power is on its way."

Elizabeth Shogren reports for NPR's Morning Edition July 31, 2013.

SEE ALSO:

"Deepwater Wind Top Bidder in First U.S. Wind-Power Lease Sale" (Bloomberg)
 

Source: NPR, 08/01/2013