
US Pays $900 Million to End Two Wind Leases
The Trump administration will reimburse Bluepoint Wind and Golden State Wind nearly $900 million to cancel two US offshore wind leases.

The Trump administration will reimburse Bluepoint Wind and Golden State Wind nearly $900 million to cancel two US offshore wind leases.

US lawmakers Alexandria Ocasio-Cortez and Ed Markey are seeking legal and funding details on a planned $928 million payment to TotalEnergies tied to the cancellation of offshore wind projects off the US East Coast.

The Trump administration is shifting its offshore wind approach toward lease buyouts tied to oil and gas reinvestment, though the model may not fit renewable-focused developers.

The US is preparing to reimburse TotalEnergies more than $928 million as it moves to cancel the Attentive Energy and Carolina Long Bay offshore wind leases.
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