A single lease bid in the New York Bight auction has now breached the $1bn mark in the US’ biggest-ever offshore wind auction – now in its third day – while two other lots now exceed $700m as prices skyrocketed to a unprecedented $3.86bn all-in.

As action resumes today in the tender, a six-lease lot off the eastern seaboard in the New York Bight, nearly all lease areas remain highly competitive, not least on the emergent darling of the auction, No.