Trump Administration to Pay $765 Million to Cancel 4 More Wind Projects
NYT > Science·June 17, 2026
The Trump administration has agreed to pay $765 million to cancel four offshore wind projects. This deal marks the third time the Interior Department has made such an agreement with firms to abandon plans for offshore turbines. The payment is intended to compensate companies for terminating their projects, which were slated to install wind turbines in the ocean. The cancellations are part of a broader trend of the administration's efforts to scale back renewable energy initiatives.
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