Trump administration to pay $765mn to end offshore wind

By The BriefBrief

The Trump administration will pay $765 million to end offshore wind projects, with Invenergy shifting funds to natural gas and geothermal.

WHO: Trump administration and Invenergy

WHAT: Trump administration to pay $765 million to scuttle offshore wind projects; Invenergy redeploys funds to natural gas and geothermal projects in the western US.

WHEN: Jun 17, 2026 at 12:00 PM ET

WHERE: USA

WHY: The payment is to scuttle offshore wind projects, prompting Invenergy to redeploy funds into natural gas and geothermal projects.

How this story developed (showing 2 of 2 earlier reports)

Trump Administration to Pay $765M to Cancel 4 Wind Projects · Jun 17, 2026 at 8:00 PM ET
Trump cancels $765M offshore wind leases · Jun 17, 2026 at 1:00 PM ET

Reporting from 3 identified publishers across this event arc.

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Publishers represented across this event arc

Bloomberg — View reporting
Financial Times — View reporting
New York Times — View reporting

These publishers contributed reporting to the broader event history. Not every source addresses the specific development described above.

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