The DOI said the agreements align with President Donald Trump’s Energy Dominance Agenda and aim to support “affordable and reliable energy” while addressing national security concerns related to the projects.
The DOI also said on 27 April that the agreements, which shift investments from energy sources such as offshore wind to “conventional solutions”, support investments that will generate returns for American taxpayers.
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Following the DOI announcement, the US offshore renewable energy organisation, Oceantic Network, pointed out that the reimbursements would still go out of the US taxpayers’ money, and highlighted the recently completed Vineyard Wind 1 project that brought new energy capacity to the Massachusetts grid.
“Unable to defend its offshore wind actions in court, the administration is using taxpayer dollars to buy foreign companies out of legally executed offshore wind leases. The economic damage and costs to consumers’ pocketbooks are staggering”, said Sam Salustro , SVP of Policy & Market Affairs at Oceantic Network.
“At the same time, Massachusetts is demonstrating the opposite path forward: Vineyard Wind is helping to solve the energy affordability crisis, saving ratepayers $1.4 billion over the next twenty years. Communities should be celebrating cost savings and homegrown power—not paying more because viable American energy projects are being canceled. Until these actions are stopped through legal challenge, consumers will continue to bear the cost of an administration choosing which energy sources are allowed to succeed.”
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about 3 months ago
The US Department of the Interior (DOI) has reached agreements with Bluepoint Wind and Golden State Wind developers to voluntarily terminate their offshore wind leases in exchange for a total of USD 885 million (around EUR 756 million) that they paid in lease fees, which the US will return to the de
