Latest US seabed auction saw prices drop to a third
![Photo: GE Renewable Energy](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/article14011994.ece/ALTERNATES/schema-16_9/doc7ky8p6t41m9qyaz98fc.jpg)
Everything is relative, as the saying goes. Just eight years ago, the US Federal Bureau of Ocean Energy Management (BOEM) practically couldn’t allocate as much as a spoonful of seabed for offshore developers. Meanwhile, the New York Bight auction in February saw throngs of companies willing to fork out nearly USD 4.4bn to set up farms off the east coast of the US.
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