The Trump administration is back at the strategy it brokered with TotalEnergies last month. Now, Ocean Winds and its financial partners will 1) dump $765M from a NY/NJ offshore wind project into a US LNG facility and 2) recover $120M from a CA offshore lease to funnel into oil & gas infrastructure.
Meanwhile: With all 62 turbines in place, Vineyard Wind officially activated its 20-year utility contracts to sell power at $69.50 per MWh—less than half of New England's average Jan. wholesale price. The milestone comes as the developer actively battles turbine maker GE Vernova in court over a 2024 blade failure.
Molly Glick
Energy Central Team
Tue, Apr 28
NEWS: Here we go again: more companies are trading offshore wind leases for fossil fuel funds.
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