Trump (R) Administration on 6/17/2026 said it would pay $765 Million to Power Project Developer Invenergy to Terminate Four Wind Leases Off the Coasts of: California, Maine. and New York. The Department of the Interior (DOI) said in a Statement, that Invenergy will use those Funds to Develop Natural Gas Power Plants in Five Midwestern Sstates and Geothermal Projects in the Western United States.
The Deal is the Latest of Several the Administration has Announced 2026, as Part of a Wide-Ranging effort to Stop Development of U.S. Offshore Wind Projects, which it Regards as Costly and Inefficient. Trump's Administration has sought to Increase Domestic Fossil Fuel Production and Scrapped Policies that Support Clean Energy Development, which has been Criticized by Democrats and Industry Advocates. "We applaud Invenergy for recognizing the importance of baseload power and investing in energy solutions that deliver real benefits to American consumers," Interior Secretary Doug Burgum (R) said in a Statement.
Seven U.S. States Sued the Administration on 6/2026 over a nearly $800 Million Payment to France's TotalEnergies, to Cancel an Offshore Wind Lease off the Coast of New York. The States Alleged the Administration Failed to Follow Proper Administrative Processes and Misused a Government Fund Reserved for Legal Settlements even though there was No Litigation between the Parties.
A DOI Spokesperson said the Agreement had been Reviewed by the Department of Justice (DOJ) and went through All Appropriate Channels. Stanley Woodward, Associate Attorney General with the Department of Justice, said in the Statement that the Agency looked forward "to continued cooperation from companies that are reevaluating their energy investments." Invenergy will Invest a Portion of the $765 Million in NaturalGgas Plants in: Indiana, Iowa, Kansas, Missouri, and Wisconsin, according to the Announcement.
The Company's Offshore Wind Leases included Two in the Gulf of Maine, and One each off the Coasts of: California and New York. All Four were in Early Stages of Development. The Company said it had Not Ruled Out getting Back into the Industry at a Future Date.
In Interior's Statement, Invenergy's Senior Vice President for Development, Daniel Runyan, said the Chicago-based Company would "deploy additional capital into projects that can be delivered on a commercially reasonable timeline and meet customer demand while continuing to evaluate opportunities as market conditions evolve."
The DOI said in a Statemen, that it will Refund $765 Million to Invenergy, which will use those Funds to Develop Natural Gas Power Plants in Four Midwestern States and Geothermal Projects in the Western U.S.
The Deal is One of several the Administration has Announced in 2026 as part of a Wwide-Ranging Effort to Stop Development of U.S. Ooffshore Wind Projects, which it regards as Costly and Inefficient. Trump's Administration has sought to increase Domestic Fossil Fuel Production and Scrapped Policies that Support Clean Energy Development, which has been Criticized by Democrats and Advocates.
Seven U.S. States Sued the Administration for Reimbursements over the First Such Agreement, with France's TotalEnergies, Earlier this Month.
"We applaud Invenergy for recognizing the importance of baseload power and investing in energy solutions that deliver real benefits to American consumers," Interior Secretary Doug Burgum (R) said in a Statement.
The Company's Senior Vice President for Development, Daniel Runyan, said in Interior Statement that the Chicago-based Company would "deploy additional capital into projects that can be delivered on a commercially reasonable timeline and meet customer demand while continuing to evaluate opportunities as market conditions evolve."
An Offshore Wind Industry Group Turn Forward said the Agreement would Cancel much-needed Electricity Capacity, at a time of Soaring Demand.
"Replacing coastal offshore wind with geothermal or natural gas infrastructure in another region does nothing to address rising ratepayer affordability concerns, reliability challenges or potential gaps in power supply in the Northeast and Mid-Atlantic," Hillary Bright, Executive Director of Turn Forward, said in a Statement.
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