Trump administration to pay $765M to cancel more offshore wind leases (opens original article in a new tab)

The Trump administration paid $765 million to cancel four offshore wind leases, with Invenergy redirecting funds to natural gas and geothermal projects, continuing efforts to hinder offshore wind development.

• Trump administration buys back four offshore wind leases for $765M
• Invenergy to reinvest funds into natural gas and geothermal projects
• Offshore wind projects canceled include Leading Light Wind off New Jersey and others in Maine and California