Bluepoint Wind

The Trump administration is purchasing Invenergy's four offshore wind leases for $765 million to redirect funds to fossil fuel projects. Invenergy will invest in natural gas and geothermal energy instead of the offshore wind projects off Maine, California, and New Jersey coasts. This follows similar deals with TotalEnergies and Golden State Wind/Bluepoint Wind to halt offshore wind development.

The Trump administration has acquired Invenergy's four offshore wind leases for $765 million, redirecting funds to natural gas and geothermal projects. This follows previous deals totaling nearly $2.6 billion to halt offshore wind development and support fossil fuels.

The Trump administration is buying back Invenergy's four offshore wind leases for $765 million, redirecting funds to fossil fuel projects. This brings total spending on such agreements to nearly $2.6 billion, with similar deals involving TotalEnergies and Golden State Wind/Bluepoint Wind. The administration aims to shift investments toward natural gas and geothermal energy.

U.S. Rep. Deborah Ross and other Democrats accuse the Trump administration of bribing companies to exit offshore wind projects by offering nearly $2 billion in payouts, which they claim favors fossil fuel interests and violates federal law. The administration denied the allegations, stating refunds were for money paid to the government.