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● TRACKER Updated 3d ago · 33 sources tracked

Trump administration pays $765 million to kill more offshore wind projects, including one off California

The Trump administration reached a $1.22 billion settlement with RWE U.S. Offshore to terminate three offshore wind projects. This deal includes developments off the coasts of California, New York, and Louisiana. The total government expenditure to buy back offshore wind leases has now reached nearly $4 billion. This latest agreement follows previous buyouts of leases from Invenergy and a termination deal with Duke Energy in the Carolina Long Bay area. Some states have filed lawsuits in response to the administration's efforts to block wind energy development.

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What changed

RWE U.S. Offshore agreed to a $1.22 billion deal to scrap projects in California, New York, and Louisiana.

Live updates

  1. Trump Administration Pays RWE $1.22 Billion to Cancel Offshore Wind Projects

    The Trump administration reached a $1.22 billion settlement with RWE U.S. Offshore to terminate three offshore wind projects. This deal includes developments off the coasts of California, New York, and Louisiana. The total government expenditure to buy back offshore wind leases has now reached nearly $4 billion. This latest agreement follows previous buyouts of leases from Invenergy and a termination deal with Duke Energy in the Carolina Long Bay area. Some states have filed lawsuits in response to the administration's efforts to block wind energy development.

    Why it matters

    President Trump promised to block all new wind farms to prioritize other energy sources. The administration is using multi-billion dollar settlements to convince developers to abandon their leases.

    What is confirmed

    • RWE U.S. Offshore entered a $1.22 billion deal with the Trump administration to terminate three offshore wind projects.
    • The terminated RWE projects were located off the coasts of California, New York, and Louisiana.
    • The Trump administration has spent nearly $4 billion to stop offshore wind development.
    • States have sued the government in response to the cancellation of wind energy projects.

    What to watch next

    • Court rulings on state lawsuits against wind project cancellations
    • Further buyout agreements with remaining lease holders
    Sources used for this update (5)
    1. www.csmonitor.com — Here’s where Trump has canceled wind farms – and how states are pushing back
    2. apnews.com — Trump administration’s latest buyback of offshore wind leases brings total to nearly $4 billion
    3. consent.yahoo.com — Another offshore wind developer exits California in $1.22-billion deal with Trump administration
    4. keyt.com — Trump Administration Inks $1.22 Billion Deal to Terminate Multiple Offshore Wind Projects
    5. www.washingtonexaminer.com — RWE to scrap three offshore wind projects in $1.22 billion deal with Trump administration
    confidence 95%

  2. Trump Administration Pays $765 Million to Cancel Offshore Wind Leases

    The US government paid Invenergy $765 million to drop four offshore wind leases. This brings the total buyout cost for the administration to nearly $2.6 billion. The Department of the Interior also reached a deal with Duke Energy to terminate a lease in the Carolina Long Bay area.

    What's confirmed:

    • The Trump administration paid Invenergy $765 million to abandon four offshore wind leases.
    • Total buyout costs for the administration have reached nearly $2.6 billion.
    • The Department of the Interior reached a settlement with Duke Energy to terminate its lease in the Carolina Long Bay area.
    • Duke Energy will reinvest $129 million into grid infrastructure and alternative power projects in the Carolinas.
    • The US government has finalized four agreements with companies to relinquish offshore wind farm leases.

    Still unconfirmed:

    • The Trump administration launched a federal investigation into California's Coastal Commission regarding offshore wind, oil, and SpaceX approvals.
    • Equinor scuttled a Japanese offshore wind plan.
    Sources used for this update (6)
    1. Offshore Wind News - OEDigital.com
    2. Trump administration pays Invenergy to abandon offshore wind leases
    3. Trump Administration Reaches Fourth Offshore Wind Lease Buyout Deal ...
    4. Trump Targets California Again In SpaceX Feud - Yahoo
    5. Trump administration pays to halt offshore wind farms
    6. US govt pays energy firm to halt offshore wind farm
    confidence 90%

  3. California to sue Trump administration over offshore wind lease cancellation

    California is challenging a federal agreement to terminate an offshore wind project off its central coast. Attorney General Rob Bonta and the California Energy Commission sent a notice of intent to sue on June 23. The state argues the deal threatens public investments and clean energy progress.

    What's confirmed:

    • California Attorney General Rob Bonta and California Energy Commission Chair David Hochschild sent a Notice of Intent to Sue on Tuesday, June 23.
    • The lawsuit targets an agreement between the U.S. Department of Interior and Golden State Wind LLC to terminate an offshore wind lease off California's central coast.
    • The Trump administration is paying $765 million to Invenergy to abandon four offshore wind leases.

    Still unconfirmed:

    • The buyback payment to Invenergy is somewhat less than the cost of its four wind leases.
    Sources used for this update (6)
    1. California intends to sue Trump administration over deal to end offshore wind project
    2. California Preparing Lawsuit Against Trump Administration's Deal that ...
    3. California Sends Notice of Intent to File Suit Challenging Trump ...
    4. California to Sue Trump Administration for Canceled Offshore Wind Lease
    5. Trump Buys Back Four More Offshore Wind Leases - IER
    6. Trump admin persists in quixotic quest against wind power despite legal ...
    confidence 100%

  4. Trump Administration Pays Invenergy $765 Million to Cancel Wind Leases

    The Department of the Interior will pay developer Invenergy $765 million to abandon four offshore wind leases. This deal includes a project off the California coast. The payment is part of a broader strategy to dismantle Biden-era clean energy investments.

    What's confirmed:

    • The Trump administration is paying Invenergy $765 million to cancel four offshore wind leases.
    • One of the cancelled wind leases is located off the coast of California.
    • This is the third deal of its kind struck by the Interior Department.
    • The total amount spent to get companies to abandon offshore wind projects is reported as either $2.5 billion or $2.6 billion.

    Still unconfirmed:

    • California intends to sue the Trump administration over the deal to end the offshore wind project.
    • The administration previously reached wind cancellation agreements worth $928 million and $885 million.
    Sources used for this update (8)
    1. Trump administration to spend $765 million to cancel 4 more wind farms — bringing the total to $2.6 billion in abandoned offshore turbine projects
    2. Trump administration will pay to scrap California offshore wind lease
    3. Trump's Interior will pay Invenergy $765 million from a taxpayer fund to cancel offshore wind leases
    4. Trump Administration to Pay $765 Million to Cancel 4 More Wind Projects ...
    5. Trump administration pays $765 million to kill four more wind leases
    6. California intends to sue Trump administration over deal to end offshore wind project
    7. Trump administration pays $765 million to kill more offshore wind projects,...
    8. UPDATED Trump Offshore Wind Buyout Deals Grow to $2.5B, With More Tumult
    confidence 95%

  5. Trump Administration Pays $765 Million to Terminate Four Wind Leases

    The Trump administration reached a settlement with Invenergy to scrap four offshore wind leases off the New York coast. The $765 million payment is part of a larger effort to buy back leases. Invenergy will use the money for geothermal projects and natural gas plants in five states.

    What's confirmed:

    • The Trump administration agreed to pay Invenergy $765 million to terminate four offshore wind leases.
    • Invenergy will use the funds for geothermal projects and natural gas plants in Indiana, Wisconsin, Iowa, Kansas, and Missouri.
    • The leases being terminated are located off the coasts of New York.

    Still unconfirmed:

    • The total amount spent on these buy-back agreements is nearly $2.6 billion.
    • The administration has announced two more payouts for energy companies to walk away from projects.
    Sources used for this update (4)
    1. Trump administration to pay $765 million to scrap four more offshore ...
    2. Trump administration buys out 4 more offshore wind leases for $765M - Yahoo
    3. Trump administration to buy back another energy company's offshore wind ...
    4. Trump again pays offshore wind operators to walk away from leases | AP News
    confidence 90%

  6. Trump Administration Pays $765 Million to Cancel Four Offshore Wind Leases

    The Trump administration reached a deal with developer Invenergy to terminate four offshore wind leases. The $765 million payment aims to discourage wind energy expansion in favor of fossil fuels. Invenergy will redirect these funds toward geothermal and natural gas projects.

    What's confirmed:

    • The Trump administration will pay developer Invenergy $765 million to surrender four U.S. offshore wind leases.
    • The cancelled leases include sites in the New York Bight, the Gulf of Maine, and off the Central Coast of California.
    • Invenergy will redirect the investment toward geothermal and natural gas power plants.
    • This is the third deal the Interior Department has made to pay firms to abandon offshore turbine plans.
    • The Trump administration has spent more than $2.5 billion to cancel offshore wind leases to date.
    • The administration has halted all federal permitting for offshore wind.
    Sources used for this update (12)
    1. Trump Administration to Pay $765 Million to Cancel 4 More Wind Projects
    2. Trump administration pays $765M to kill more offshore wind projects, including one off California
    3. Interior Announces New Energy Agreement to Strengthen American Energy Security and Lower Costs
    4. Trump administration to pay $765M to cancel offshore wind leases
    5. Trump administration ending 4 wind power projects by buying up ...
    6. Trump administration pays $765M to kill more offshore wind projects ...
    7. Trump Administration to Pay $765 Million to Cancel 4 More Wind Projects
    8. Trump administration pays another offshore wind project to pull out of California
    9. Trump administration pays another offshore wind project to pull out of California
    10. Another offshore wind lease ends off of the Central Coast
    11. Trump administration will pay to scrap California offshore wind lease
    12. Trump Erases Another $765 Million in Offshore Wind Leases
    confidence 100%