Massive U.S. geothermal lease sale draws few bids
A massive government sale on Tuesday of geothermal energy leases in Nevada generated bids on just 26% of the land parcels offered, with most selling at the minimum price of $2 an acre. The sale was by far the federal government's largest offering of geothermal energy leases by acreage in recent years, with 142 parcels on 384,369.6 acres available for auction. According to energy marketplace EnergyNet, which conducted the online sale, 37 parcels representing 102,402.85 acres received bids for a total of $426,900. The sale, overseen by the U ...
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