Trump administration pays Invenergy $765 million to abandon four offshore wind leases

Invenergy will redirect the funds toward natural gas plants in Indiana, Wisconsin, Iowa, Kansas, and Missouri as well as geothermal projects, the U.S. Department of the Interior said.

First covered Jun 17, 2026 · 9:00 AM PT · 5 articles

Coverage

8d Utility Dive Trump administration buys out 4 more offshore wind leases for $765M — Invenergy will redirect the funds toward natural gas plants in Indiana, Wisconsin, Iowa, Kansas, and Missouri as well as geothermal projects, the U.S.…

9d CleanTechnica Trump Pays Off Energy Company in Grudge Match Against Offshore Wind — Washington, D.C. — According to reporting, Donald Trump is paying Invenergy $765 million to abandon its four offshore wind leases. This comes days after the…

9d Heatmap News Trump’s War on Gigawatts — It happened again. The Trump administration has struck a deal with an offshore wind developer to cancel another round of projects. My colleague Emily…

9d Canary Media Invenergy says Trump’s offshore wind payout will fund a geothermal push — Energy developer Invenergy is joining America’s race to build next-generation geothermal — and it plans to do so with the controversial new refund the Trump…

9d Heatmap News Trump Pays $765 Million to Kill 4 More Offshore Wind Leases — In the third deal of its kind, Trump’s Interior Department has agreed to pay the energy developer Invenergy $765 million to cancel its four offshore wind…

Discussion

Bluesky: @volts.wtf David Roberts · 9d ago · 88 ♥ $765 million of your tax dollars being paid to *not* develop wind power.

Appeared in: 2026-06-17 (#15) · 2026-06-18 (#1) · 2026-06-19 (#2) · 2026-06-20 (#15)

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