MarketPR
The Trump administration will pay $765 million to terminate offshore wind projects, with power developer Invenergy set to accept the settlement.
Invenergy will redeploy those funds into natural gas and geothermal projects in the western United States — a pivot that makes concrete both the administration's fiscal commitment to unwinding offshore wind and where at least one major independent developer is placing its next bets.
The $765 Million Settlement At $765 million, the federal payment to exit Invenergy's offshore wind projects is a significant line item by any measure.
The arrangement converts administration policy preference into direct financial outlay — writing a check large enough to compensate a major power developer for leaving the offshore wind segment entirely.
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