New offshore leases could “power half the homes in MA”

742,000 acres offshore Massachusetts will be offered for commercial wind energy development in a January 29, 2015, competitive lease sale.

According to an analysis prepared by the US Department of Energy’s National Renewable Energy Laboratory, if fully developed, the area being offered could support between 4 and 5 GW of commercial wind generation, enough electricity to power over 1.4 million homes.

“This offshore wind energy area not only has the capacity to generate enough electricity to power half the homes in Massachusetts, but it will also create local jobs and a renewable and home-grown source of power,” according to Governor Deval Patrick.

Read this US Department of Interior Auction article from renewableenergyfocus.com.

If you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, feel free to contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com.
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty
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