Deepwater Wind Wins Offshore Leases With $4M Bid

Law360, New York (July 31, 2013, 7:17 PM EDT) -- Rhode Island-based renewable energy developer Deepwater Wind LLC on Wednesday beat out two other bidders with a $3.8 million bid for two offshore wind energy sites off of Rhode Island and Massachusetts in the country's first competitive offshore wind energy lease auction.

After 11 bidding rounds at the online auction set up by the U.S. Department of the Interior's Bureau of Ocean Energy Management, Deepwater Wind was named the provisional winner, besting competing bids from Sea Breeze Energy LLC and U.S. Wind Inc., BOEM Director Tommy Beaudreau...
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