"Trump Administration Strikes Deal with Invenergy to Abandon Offshore Wind Leases: In a move that has sparked controversy among environmental groups, the Trump administration has reached a settlement agreement with Invenergy, a renewable energy company, to abandon four offshore wind leases off the coast of the United States. Under the deal, Invenergy will relinquish its rights to develop the leases in exchange for the opportunity to invest in gas plants and geothermal energy projects. Critics argue that the move undermines the administration's commitment to renewable energy and exacerbates the country's reliance on fossil fuels, while supporters claim it will lead to more efficient and cost-effective energy production. The decision is the latest in a series of actions by the Trump administration to scale back offshore wind development, which has been hailed as a key component in the country's transition to clean energy."
The Trump administration is paying yet another company to give up the right to build wind energy offshore, saying the firm will invest in gas plants and geothermal energy instead. The Interior Department announced Wednesday that it reached a settlement agreement with affiliates of Invenergy to give up four offshore wind leases off the costs...
