A major auction of offshore wind leases off New York and New Jersey will for the first time include an incentive to use US vessels.
The federal government has announced plans to auction off some 480,000 acres (194,000 hectares) of an area called New York Bight, with 7 GW of offshore wind capacity.
The leases are the first to have supply chain-related local content requirements that include investments in US vessels, said Charlie Papavizas, a Washington DC-based maritime lawyer at Winston &...
