https://www.live-feeds.com/feed/trump-administration-to-buy-back-another-energy-company-s-offshore-wind-leases-for-4-more-projectsContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/trump-administration-to-buy-back-another-energy-company-s-offshore-wind-leases-for-4-more-projectshttps://www.live-feeds.com/feed/trump-administration-to-buy-back-another-energy-company-s-offshore-wind-leases-for-4-more-projects#u22032Fri, 03 Jul 2026 00:27:14 +0000The Department of the Interior reached a settlement with Duke Energy to terminate its offshore wind lease in the Carolina Long Bay area. The company will receive $129 million to reinvest in grid infrastructure and alternative power projects in the Carolinas. This marks the fourth such buyout deal by the administration.What's confirmed:The US Department of the Interior reached a settlement with Duke Energy to terminate its offshore wind lease in the Carolina Long Bay area.Duke Energy will receive $129 million to reinvest in alternative power generation and grid infrastructure projects in the Ca https://www.live-feeds.com/feed/trump-administration-to-buy-back-another-energy-company-s-offshore-wind-leases-for-4-more-projectshttps://www.live-feeds.com/feed/trump-administration-to-buy-back-another-energy-company-s-offshore-wind-leases-for-4-more-projects#u15881Sat, 27 Jun 2026 13:56:49 +0000The Department of the Interior reached a settlement with Invenergy to terminate four offshore wind leases. The developer will redirect the payment toward natural gas and geothermal projects. California intends to sue the government over the cancellation of a project off its Central Coast.What's confirmed:The US government will pay $765 million to Invenergy to terminate four offshore wind leases.Invenergy will use the funds to invest in geothermal and fossil fuel projects.The cancelled leases are located in the Gulf of Maine, the New York Bight, and the Central Coast of California.California At https://www.live-feeds.com/feed/trump-administration-to-buy-back-another-energy-company-s-offshore-wind-leases-for-4-more-projectshttps://www.live-feeds.com/feed/trump-administration-to-buy-back-another-energy-company-s-offshore-wind-leases-for-4-more-projects#u10597Wed, 24 Jun 2026 01:27:03 +0000The Department of the Interior reached a deal for Invenergy to relinquish four offshore wind leases. The developer will use the $765 million payment to fund geothermal projects and natural gas plants. This move is part of a larger effort to undo clean energy investments from the previous administration.What's confirmed:Invenergy will receive $765 million to relinquish four offshore wind leases.Funds will be redirected toward geothermal projects and natural gas power plants.The buyout targets projects off the coast of California.Still unconfirmed:Natural gas plants will be built in Indiana, Wis https://www.live-feeds.com/feed/trump-administration-to-buy-back-another-energy-company-s-offshore-wind-leases-for-4-more-projectshttps://www.live-feeds.com/feed/trump-administration-to-buy-back-another-energy-company-s-offshore-wind-leases-for-4-more-projects#u7308Sun, 21 Jun 2026 20:10:43 +0000The Department of the Interior reached a deal on 17 June for Invenergy to relinquish four offshore wind leases. The developer will receive $765 million in reimbursement. These funds will be redirected toward geothermal and natural gas projects.What's confirmed:The Department of the Interior agreed to pay Invenergy $765 million to give up four offshore wind leases.Invenergy will use the reimbursement capital for geothermal and natural gas energy projects.This is the third deal the Interior Department has made to pay firms to abandon offshore turbine plans.Still unconfirmed:The total cost for th https://www.live-feeds.com/feed/trump-administration-to-buy-back-another-energy-company-s-offshore-wind-leases-for-4-more-projectshttps://www.live-feeds.com/feed/trump-administration-to-buy-back-another-energy-company-s-offshore-wind-leases-for-4-more-projects#u5794Sat, 20 Jun 2026 09:12:11 +0000The Trump administration is paying $765 million to buy back four offshore wind leases from Invenergy. This move is part of a strategy to discourage wind energy expansion and prioritize fossil fuels. The total cost for lease buybacks has reached $2.6 billion.What's confirmed:The Trump administration is buying back four offshore wind leases from Invenergy for $765 million.The total amount spent on lease buybacks is $2.6 billion.The administration is redirecting funds from wind energy to fossil fuel projects.The buyback includes the cancellation of a project in California.Still unconfirmed:The bu https://www.live-feeds.com/feed/trump-administration-to-buy-back-another-energy-company-s-offshore-wind-leases-for-4-more-projectshttps://www.live-feeds.com/feed/trump-administration-to-buy-back-another-energy-company-s-offshore-wind-leases-for-4-more-projects#u2885Thu, 18 Jun 2026 03:51:13 +0000The Trump administration is paying $765 million to cancel four offshore wind projects, including one off California, as part of a strategy to discourage wind energy expansion. The move follows a pattern of lease buybacks totaling nearly $2.6 billion. The company involved, Invenergy, will redirect investments toward gas and geothermal projects. This action aligns with broader efforts to prioritize fossil fuel and geothermal development over wind power.What's confirmed:The Trump administration is paying $765 million to cancel four offshore wind leases, including one off California.The total amou