Interior Department reaches deals to end two offshore wind leases and reimburse developers $885 million

Monday, April 27, 2026Science & ClimateWell-covered3 frames

The Interior Department announced agreements to end two offshore wind leases tied to the Bluepoint Wind and Golden State Wind projects.
The government said it will reimburse the developers a combined $885 million, roughly the amount paid for the leases.
One project is off New York and New Jersey and the other is off California's coast.
In exchange for ending the leases, the companies pledged to invest in domestic fossil-fuel or conventional energy projects, including oil and gas-related development.
The administration said these agreements follow a similar arrangement announced last month with TotalEnergies involving offshore wind leases and fossil-fuel investment.
Both projects were managed through Ocean Winds, a joint venture between ENGIE and EDP Renewables, with Bluepoint Wind partnered with BlackRock's Global Infrastructure Partners and Golden State Wind partnered with Reventus Power.
The projects were still in development rather than operating, meaning the agreements halt planned offshore wind expansion on both the East and West coasts before construction is completed.
If these projects were ever to move forward in the future, new federal leases would be needed, and the administration has also rescinded designated wind energy areas for offshore development.

The Interior Department announced agreements to end two offshore wind leases tied to the Bluepoint Wind and Golden State Wind projects.
The government said it will reimburse the developers a combined $885 million, roughly the amount paid for the leases.
One project is off New York and New Jersey and the other is off California's coast.
In exchange for ending the leases, the companies pledged to invest in domestic fossil-fuel or conventional energy projects, including oil and gas-related development.
The administration said these agreements follow a similar arrangement announced last month with TotalEnergies involving offshore wind leases and fossil-fuel investment.
Both projects were managed through Ocean Winds, a joint venture between ENGIE and EDP Renewables, with Bluepoint Wind partnered with BlackRock's Global Infrastructure Partners and Golden State Wind partnered with Reventus Power.
The projects were still in development rather than operating, meaning the agreements halt planned offshore wind expansion on both the East and West coasts before construction is completed.
If these projects were ever to move forward in the future, new federal leases would be needed, and the administration has also rescinded designated wind energy areas for offshore development.