Trump Offshore Wind

The Trump administration says it’s buying back another energy company’s U.S. offshore wind leases for four more wind projects, as it seeks to discourage the expansion of wind energy in favor of fossil fuels. That brings the total amount spent on these agreements to nearly $2.6 billion. Chicago-based Invenergy has agreed to end its four offshore wind leases that were early in development in exchange for reimbursements of lease fees totaling $765 million. The company had already canceled a wind project off New Jersey’s coast. The others are off the coasts of Maine and California. It will invest in natural gas and geothermal projects instead.