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The Nexus
BUSINESSJul 8 · 04:05 UTCFLORIDA PHOENIXAlex Brown

As Trump buyouts shake offshore wind industry, states hope developers stay in the game

The Trump administration is blocking new offshore wind permits and offering buyouts to developers, prompting states to urge companies to remain invested in the industry. Federal deals, including a $129 million agreement with Duke Energy, aim to cancel projects, while states argue these actions are illegal and threaten climate goals.

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