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DOI settlement redirects $765 million from offshore wind to gas, geothermal projects

DOI settlement redirects $765 million from offshore wind to gas, geothermal projects

by Offshore Reporter | Jun 17, 2026 | Wind

The Department of the Interior has reached an agreement with Invenergy to terminate four offshore wind leases and redirect approximately $765 million into natural gas and geothermal energy projects, marking a significant shift in planned U.S. energy investment.

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DOI settlement redirects $765 million from offshore wind to gas, geothermal projects

Latest News

Cook Inlet offshore oil and gas lease sale proposed for March 2027

Transocean adds $1.1 billion to offshore drilling backlog with Equinor, Shell contracts

Equinor awards Weatherford offshore completions work in Norwegian North Sea

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