Invenergy redirects Trump administration offshore wind payout to geothermal and gas projects
By
@CanaryMediaInc
The kind of bagel that ruins lesser bagels for you.
Summary
Invenergy has become the third developer to abandon offshore wind leases in exchange for payment from the Trump administration. The company plans to redirect the proceeds from this payout into geothermal energy development and new natural gas plants, marking a significant shift in renewable energy investment strategy under the current administration's policies.
Key quotes
· 3 pulledIt's the third developer to ditch offshore wind leases in exchange for payment from the Trump admin.
The proceeds will also fund new gas plants.
Invenergy says Trump's offshore wind payout will fund a geothermal push
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