New York Bight lease sale concludes with $4.37 Billion in Winning Bids

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BOEM announces provisional winners of the New York Bight lease sale finalized on February 25th 2022. This is the largest single-event auction held thus far, and is the first auction under the Biden-Harris administration and collectively New York and New Jersey setting offshore energy records with $4.37 billion in winning bids. More than 480,000 acres over six lease areas, this is the nation’s largest regional offshore wind target, installing over 16 GW of offshore wind by 2035.

Leases offered in this sale could result in 5.6 to 7 gigawatts of offshore wind energy, enough to power nearly 2 million homes. For more information, see the announcement or visit the New York Bight Page on the BOEM website.