Trump administration paying another company to give up wind leases, invest in gas and geothermal

AI Summary

The Trump administration reached a settlement with Invenergy affiliates requiring them to relinquish four offshore wind energy leases in favor of investing in gas and geothermal energy projects. This move reflects a strategic shift in the energy portfolio focusing more on gas and geothermal sources.

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…