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Offshore Wind-Farm Auctions: Gold in the Green Sector

Updated: Jun 27

February 25, 2022 |

Developers have bid over $3 billion to buy leases to build offshore wind farms along the coasts of New Jersey and New York, reflecting a rush to cash in on what is emerging as a lucrative green-energy sector.

NJ SEED: Seen as a win for anti-fossil fuel advocates and their fight against climate change, offshore wind farms promise to provide substantial clean energy but the related costs to ratepayers remain hidden from the public.

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