- The Trump administration will pay Duke Energy $129 million to abandon plans for an offshore wind farm off North Carolina.
- Duke Energy will surrender its federal lease in the Carolina Long Bay area and intends to reinvest the funds into advancing nuclear and natural gas generation.
- Interior Secretary Doug Burgum stated the move aligns with President Trump's vision for affordable and reliable American energy.
- Critics, including the Southeastern Wind Coalition, argue the termination is a setback, estimating the project could have powered 300,000 homes and created 37,000 jobs.
- This deal is part of a pattern, following similar agreements where the Trump administration paid firms like TotalEnergies and Invenergy to cancel wind projects, some of which have faced lawsuits from states.
IN FULL
Trump team hands out $129 million in taxpayer money to end another wind farm project
