US buys back wind leases to cancel four offshore wind projects
TL;DR
The Trump administration is terminating four planned offshore wind projects by purchasing the developers’ leases, effectively cancelling the projects (including Sunrise Wind off Montauk Point, NY) as part of a shift in U.S. energy policy.
- Trump administration to buy back another energy company's offshore wind leases for 4 more projects AP News
- Trump Administration to Pay $765 Million to Cancel 4 More Wind Projects The New York Times
- Trump administration to pay $765 million to scrap four more offshore wind leases Reuters
- Trump administration paying another company to give up wind leases, invest in gas and geothermal The Hill
- Invenergy Seeks Geothermal Leases as Trump Cancels Offshore Wind Bloomberg.com
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