Two offshore wind developers have pulled plans to build offshore wind farms and will instead invest in domestic energy projects in an agreement announced by the U.S. Department of the Interior April 27.
Bluepoint Wind project, planned off the coast of New York, and Golden State Wind project, to be installed off the California coast, have ended their federal leases for projects that the Trump administration said would have been costly for taxpayers.
“The companies that bid for these offshore wind leases were basically sold a product in 2022 that was only viable when propped up by massive taxpayer subsidies,” Interior Secretary Doug Bergum said in a statement. “Now that hardworking Americans are no longer footing the bill for expensive, unreliable, intermittent energy projects, companies are once again investing in affordable, reliable, secure energy infrastructure.”…