Trump Administration Strikes New Offshore Wind Lease Buyback Deal, Invenergy Agrees to Exit Four Projects

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The US Department of the Interior will pay Invenergy USD 765 million to exit four offshore wind leases in the New York Bight, Central Coast California, and the Gulf of Maine, with Invenergy redirecting the capital into natural gas and geothermal projects. The leases cover the early-stage Leading Light Wind, Even Keel Wind, and two Gulf of Maine areas won in 2024. The deal is part of a series that includes settlements with TotalEnergies, Golden State Wind, and Bluepoint Wind this year, bringing total buyback agreements to nearly USD 2.6 billion.