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Trump administration to pay companies to walk away from US offshore wind leases

https://apnews.com/author/jennifer-mcdermott· ·17 min read · 0 reactions · 0 comments · 1 view

The Trump administration has announced two more payouts for energy companies to walk away from U.S. offshore wind projects under development.

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Interior Secretary Doug Burgum testifies during a Senate Committee on Appropriations, Subcommittee on Department of Interior, Environment, and Related Agencies hearing on the proposed budget for fiscal year 2027 on Capitol Hill Wednesday, April 22, 2026, in Washington. (AP Photo/Mariam Zuhaib) By JENNIFER McDERMOTT and MATTHEW DALY Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] Add AP News on Google Add AP News as your preferred source to see more of our stories on Google. Share (function () { const counter = document.getElementById("scrollToComments"); const HEADER_OFFSET = 120; function findCommentsModule() { return document.querySelector('.vf3-comments, #vf-conversations, [data-test="vf-conversations-root-element"]'); } function maybeShowCounter() { if (findCommentsModule()) { counter.style.display = "inline-flex"; } else { counter.style.display = "none"; } } // Show only when Viafoura is present maybeShowCounter(); // Watch DOM for late loads const observer = new MutationObserver(maybeShowCounter); observer.observe(document.documentElement, { childList: true, subtree: true }); // Scroll action counter.addEventListener("click", function () { const el = findCommentsModule(); if (!el) return; const top = el.getBoundingClientRect().top + window.scrollY - HEADER_OFFSET; window.scrollTo({ top, behavior: "smooth" }); }); })(); .thin-line-button { display: inline-flex; align-items: center; justify-content: center; border: 1px solid #ccc; height: 30px; padding: 0 10px; cursor: pointer; border-radius: 5px; background: none; text-align: center; font-size: 1.4rem; font-weight: 700; white-space: nowrap; flex-shrink: 0; color: inherit; transition: none; /* Remove animation effect */ } [data-featured-type="bgBlackTextWhite"] .thin-line-button { color: #000; background: white; } /* Remove hover effect */ .thin-line-button:hover { border: 1px solid #ccc; } .comment-icon { width: 20px; height: 20px; min-width: 20px; min-height: 20px; flex: 0 0 20px; object-fit: contain; display: inline-block; } .Page-actions-commentCounter .embed-caption { display: none; } .vf-comments-count.vf-is-logged-in { margin-left: 4px; } Share Facebook Copy Link copied Email X LinkedIn Bluesky Flipboard Pinterest Reddit freestar.queue.push(function() { let thisPlacement = "apnews_leaderboard"; window.fsAdCounts = window.fsAdCounts || {}; window.fsAdCounts[thisPlacement] = window.fsAdCounts[thisPlacement] + 1 || 0; let adList = document.getElementsByClassName(thisPlacement); if (adList.length <= window.fsAdCounts[thisPlacement] || adList[window.fsAdCounts[thisPlacement]].offsetParent === null) { return }; let thisAd = adList[window.fsAdCounts[thisPlacement]]; let randId = Math.random().toString(36).slice(2); thisAd.id = randId; freestar.newAdSlots({ placementName: thisPlacement, slotId: randId }); }); WASHINGTON (AP) — The Trump administration announced two more payouts Monday for energy companies to walk away from U.S. offshore wind projects under development.Bluepoint Wind and Golden State Wind have agreed to end their offshore wind leases in exchange for reimbursements totaling nearly $900 million. Both companies have decided not to pursue any new offshore wind projects in the United States, the Interior Department announced Monday. Bluepoint Wind is an offshore wind project in the early stages of development off the coasts of New Jersey and New York, while Golden State Wind is a floating offshore wind project proposed off California’s central coast.…

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