Trump administration paying wind developers to walk away from California offshore leases
In yet another escalation of President Trump’s efforts to obstruct clean energy projects in favor of fossil fuels, the administration this week said it will pay two energy companies to abandon their offshore wind projects in federal waters — including one off Morro Bay.
The move raises questions about how California will progress toward its clean energy goals, which include 25 gigawatts of offshore wind power by 2045. The agreement with Golden State Wind to voluntarily end its lease in the Pacific leaves only four leases intact along the West Coast: two off Morro Bay and two off Humboldt Bay.
In all, the U.S. Department of the Interior said it will pay a total of $885 million to Golden State Wind and another company, New Jersey-based Bluepoint Wind, to end their offshore wind leases, with both agreeing to instead invest in “reliable conventional energy projects.”
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By: Hayley Smith
Source: Los Angeles Times
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