Mon
Aug 10 2026
12:12 pm

Trump Administration to Pay German Firm $1.2 Billion to Cancel Wind Leases.

Including Thursday’s announcement, the government has so far spent roughly $3.9 billion to get companies to terminate 12 offshore wind leases.

“New Yorkers are suffering from sky-high energy costs, and Trump’s answer is to spend almost $4 billion of taxpayer money killing twelve offshore wind power leases that would have provided unlimited clean energy once online,” Senator Chuck Schumer of New York, the minority leader, said.

A federal judge on Thursday ordered the Pentagon to lift its freeze on reviewing offshore wind energy projects for national security concerns, one of several tools the Trump administration has used to undercut the renewables industry.

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