Updated
Updated · The Guardian · Jul 6
Trump Administration Pays $2.6 Billion to Cancel 4 Wind Leases as Workers Fight Stop-Work Orders
Updated
Updated · The Guardian · Jul 6

Trump Administration Pays $2.6 Billion to Cancel 4 Wind Leases as Workers Fight Stop-Work Orders

3 articles · Updated · The Guardian · Jul 6

Summary

  • $2.6 billion has been paid by the Trump administration to unwind four wind-energy lease deals after it dropped a broader court fight to freeze US wind permitting and leasing.
  • The Interior Department paid $765 million to Invenergy to abandon four projects in California, New York and Maine, and nearly $900 million to Bluepoint Wind and Garden State Wind to cancel offshore leases.
  • Hundreds of workers say the campaign has already disrupted jobs through repeated stop-work orders, including at Revolution Wind, where construction is more than 90% complete and the project has started supplying New England.
  • Union leaders say the administration has lost in court on five Rhode Island-area wind projects and is sacrificing long-term union employment, while Interior argues the canceled leases were not operational and eliminated no jobs.

Insights

Why are canceled wind deals requiring reinvestment in conventional energy, and what is the ultimate economic impact?
With billions spent to cancel energy projects, what precedent is set for future private investment in US infrastructure?