Interior Department pays Duke Energy $129 million to abandon offshore wind lease

A Duke Energy subsidiary paid $155 million for the lease in 2022, saying it could support up to 1.6 GW of capacity. The utility now says it will “refocus” nearly $129 million to projects that may include new nuclear, natural gas and grid enhancements.

First covered Jun 29, 2026 · 7:01 PM PT · 4 articles

Coverage

7h Electrek Another day, another illegal billion-dollar bribe to raise your electricity prices — The Interior Department has made another illegal agreement with a gas company to drop development of cheap and clean offshore wind and instead focus on dirty,…

8h Utility Dive Duke gives up offshore wind lease for ‘partial’ reimbursement under Interior deal — A Duke Energy subsidiary paid $155 million for the lease in 2022, saying it could support up to 1.6 GW of capacity. The utility now says it will “refocus”…

11h Heatmap News Trump Pays Duke Energy $129 Million to Kill Offshore Wind —

21h CleanTechnica Duke Energy Latest Company to Accept Trump’s Dirty “Deal” to Scrap Offshore Wind — RALEIGH, N.C. — Duke Energy accepted $129 million in taxpayer money to buyout an offshore wind lease, making it the latest company to accept such an offer from…

Appeared in: 2026-06-30 (#1)

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