Trump administration to buy back another energy company's offshore wind leases for 4 more projects

The Trump administration is buying back Invenergy's four offshore wind leases for $765 million, redirecting funds to fossil fuel projects. This brings total spending on such agreements to nearly $2.6 billion, with similar deals involving TotalEnergies and Golden State Wind/Bluepoint Wind. The administration aims to shift investments toward natural gas and geothermal energy.