Invenergy Buys 5,000-Acre Geothermal Lease as Trump Voids $765 Million in Offshore Wind Rights
Updated
Updated · Bloomberg · Jun 17
Invenergy Buys 5,000-Acre Geothermal Lease as Trump Voids $765 Million in Offshore Wind Rights
1 articles · Updated · Bloomberg · Jun 17
Summary
Invenergy added a roughly 5,000-acre geothermal parcel in New Mexico this week through a Bureau of Land Management lease sale, expanding its U.S. geothermal push.
The purchase comes as the Trump administration canceled four Invenergy offshore wind leases valued at $765 million, sharpening the company’s shift toward other federal energy holdings.
Invenergy now holds 45 federal geothermal parcels spanning about 144,000 acres across five states, giving the Chicago-based developer a larger footprint in a sector less exposed to the offshore wind rollback.