Trump Administration Cancels 4 Invenergy Wind Leases, Refunds $765 Million
Updated
Updated · Bloomberg · Jun 17
Trump Administration Cancels 4 Invenergy Wind Leases, Refunds $765 Million
3 articles · Updated · Bloomberg · Jun 17
Summary
$765 million will be paid to Invenergy under a settlement with the Interior Department after the Trump administration moved to cancel four offshore wind leases.
The cancellation marks the latest White House step to block new offshore wind development, extending its push against the sector.
Invenergy is expected to redirect the refunded funds into western U.S. natural gas and geothermal projects, shifting investment away from offshore wind.