Tue, Mar 31

NEWS: US seeks to scrap offshore wind projects in exchange for fossil fuel deals

The White House wants to pay more offshore wind developers to scrap their projects. (Financial Times)

  • A week after announcing the $1B lease reimbursement to TotalEnergies, the Interior is discussing similar deals with several offshore wind leaseholders. So far, the strategy appears more effective than the court-blocked work suspensions launched by the Trump administration last December.

  • The goal? Put the kibosh on the country’s remaining offshore wind projects and redirect the returned lease costs toward fossil fuel projects. 

  • Another wind deterrent: The Trump administration is delaying onshore wind, too, by building up a backlog of once-routine military reviews. This play is holding up over 30 projects, or roughly 7.5 GW of capacity, the American Clean Power Association says.

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