# Trump administration pays $765M to kill more offshore wind projects, including one off California

> **Open Intelligence Dossier** · First detected: 2026-06-18 00:07 UTC · Category: Business

## Executive Summary
The Trump administration is terminating offshore wind projects through a $765 million lease buyback settlement.

## Intelligence Brief
The Trump administration has reached a settlement to buy back offshore wind leases from an energy company. Coverage from the Financial Times and The Wall Street Journal identifies Invenergy as the company exiting the sector as part of this deal.


Reports from 10tv.com and WOODTV.com emphasize the administration's active role in ending these energy initiatives through the buyback process. Future developments will depend on whether additional lease buybacks are announced.


Coverage does not yet specify the total number of remaining offshore wind projects under existing lease agreements or the long-term impact on national energy strategy.

## Multi-Source Evidence Table
| Source Outlet | Headline | Verification URL |
|---|---|---|
| TradingView | Key facts: TotalEnergies 34GW, aiming 100GW; US states sue over $800M | [Source Link](https://news.google.com/rss/articles/CBMixgFBVV95cUxNR3JiQkl6VUhCV0FiaEdhUXhwS1JUcUUyQlE1ZHByUEVKbngxLUNNcHJtanhBVjBnb2FEdW1FNWNJUGxjNmRXRkJEbGhBcVdmQUYwWGxlX2VDdnl2WUtoOVp0N25hM3JOMWpucE1lN2xJaG9VS0dlQVdxWktlSllZZC04YXBhaHpyODhGb0l1eC1fRzN4U0ppWXlOekJpWUM5LXZOdGFuSW9HMUlmUUZOb2JYelpmdmJxSWhZMDdGc21icHl3MlE?oc=5) |
| 10tv.com | Trump administration is buying back another energy company's offshore wind leases, ending 4 more projects | [Source Link](https://news.google.com/rss/articles/CBMiqAJBVV95cUxQR3J2NFN5djExN2M1Z0VpMmUtU29vQmJmZmo2SWVkQmFQTW0xOEpHVWlqVDV6Nm80cmhNZXRnYTZYY0gxSEpNbjNOajR4eDFuanhJU1FIbkVIc0hYblFTdkZ5dzUzbDYwTGVYemt1N193MU5mdEgtdS0wSGl0WFg5VFFXN3FwNEIyWTVnb1NQRGNkdUEtNDFWYjNKOWdEazZtZVVQay1xOWtQZEdJSkVBR3Z3R1NYcGxEdXhadUpxUzJfQjEyazZ5RjFhdzI2TjRkOGF4QUl4RllvLXB1a192VjJDeGVkdklYcWk2cGozc1Zad0M1SDhYM2RiXzByZ3lTMkdyY3A2dGJjWGRROU0xYnhfbEhPUmR2azRrc2NlOU5EZVdMejZHSA?oc=5) |
| WOODTV.com | Trump administration to buy back another energy company’s offshore wind leases for 4 more projects | [Source Link](https://news.google.com/rss/articles/CBMi4wFBVV95cUxPcjFaemNHd0hORkQxUVdYUzV3WHVTRDlYazhmRnRNbTRPanJyb3lsSEZiMlI1b3ZIODZCblR2SnJuQzVneWwxVHhNUnd2T01qZENXWmVCbTBJZG5lNFZ0UG9MVFBWZVIyY2VEVDRjOXNoSzNid2I4TW9iemswRVdhZzJEdF9HbXd2ZU1seGVJMS1VRVFHRHJWbUFNZFJCNWdHS2x6N0dvTG8zVTlTdVUwWEFlSE5wdnEzZ1BmUTZKbDgxM0lKSDE2NnV1dVpRY1JuT1g4ejZIdEplS0dGZlRsUU00a9IB6AFBVV95cUxORkprdnJUbkEwMUpkbmdLdW9BQW9xTFNfb1lXSFEzSnhaSl9rSF84Zno0aENRTkxnUFI3eW1kRlBuRldYbkdOVmdVV05lU19xY05LZW5nel9mSU1WNlJ0a3EwaGQ5QU1KMkNiNXNrc2d) |
| Financial Times | Trump administration to pay $765mn to scuttle offshore wind projects | [Source Link](https://news.google.com/rss/articles/CBMicEFVX3lxTE1abFNHTENGTmNQN0c0YUFMV2hSOURKUTlPVGplRXRUNVppTkROeWhHQlF5dmYyNTVhTGVERFdVY0xrVDJTSkp0WjRIa3dUb1NSM21BYmJpT0RPU3RIMW5yWE1PMWVKNzgtX2hrUmhodkY?oc=5) |
| WSJ | Invenergy Exits Offshore Wind in Settlement With Trump Administration | [Source Link](https://news.google.com/rss/articles/CBMiowFBVV95cUxNS0hEZ2lEaHVReVhoVndJbmJ6NG9QeHljd1dXRzFrN1o0bEt6cjhGU1JqVi1zYy1GWE5pZHRqYWdsa2FIMEVCdjYweE5xblMxS2t4NkhLVEJnZHVqSHZ1ZmhuRDhBQk5pQUZFWVdwcUxSWWlLUm9ieWdrMi0zZ1NkdE1rdjhFMEg2RS01QllMaV9XZ3hqQU85ejcyeFVpOXFhak5j?oc=5) |
| San Luis Obispo Tribune | Another offshore wind company cancels Morro Bay project in deal with Trump | [Source Link](https://news.google.com/rss/articles/CBMif0FVX3lxTFA0ajBvdmIxdlhkUkxNZzExS1R3S2E2NEJTVzkwRkg3QmF4ajE5ZFd5Z0NOMHdVRHZYQWFuMFlvWWgtY2loZ2h5RjlQdlp6WnVtU3NyWnRDcDU3aEhPR1FGekRmVUZFeGdINGFXWENQUGxnN1NWRHM2SFlEbC1MWVHSAX9BVV95cUxNWWtRMmt1WXJSc0t0dER6MnNmSHNqTXlHMmRCTXNpREVhRU5yQXpYSkFKN2hXVzZTT05MRUZscVNhR3dNUm1IZTF3c0pOOVBQSDF5WHVwTVRMaDdXUkMwZXV0Y2NoaFcxOVJ6MWNPVm5tNExmQ3NpUTJpT2lSbEtr?oc=5) |

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*Canonical Source: https://pulse.byoviral.com/trend/2026-06-18/trump-administration-pays-765m-to-kill-more-offshore-wind-projects-including*