Net Zero Transition > Litigation > Trump administration reaches deal to redirect $765 mln from offshore wind leases to gas, geothermal

Trump administration reaches deal to redirect $765 mln from offshore wind leases to gas, geothermal

Published 17:33 on June 19, 2026 / Last updated at 17:33 on June 19, 2026 / / Americas (US & Canada), Net Zero Transition (Litigation, Power/Electrification)

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Four federal offshore wind leases would be voluntarily terminated and $765 million redirected towards gas-fired power plants and geothermal generation under a settlement announced recently by the US Department of the Interior (DOI).
Four federal offshore wind leases would be voluntarily terminated and $765 million redirected towards gas-fired power plants and geothermal generation under a settlement announced recently by the US Department of the Interior (DOI).


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