Energy & Petrochemicals #trump#duke energy
Trump Administration Adds Duke Energy to Offshore Wind Buyout Campaign With $129M Settlement
The US Department of the Interior has reached a settlement agreement with Duke Energy to terminate its offshore wind lease in the Carolina Long Bay area for $129 million, as part of the Trump administration's broader campaign to halt offshore wind projects. Duke will reinvest the funds in new nuclear, natural gas, and grid enhancements. The administration has now spent over $2.6 billion to terminate nine offshore wind leases.
Jul 8, 2026 1 source