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TechCrunch

Trump administration has spent nearly $4B to cancel offshore wind farms

Friday, August 7, 2026


The Trump administration has secured cancellations of 12 offshore wind leases held by developers. The administration paid $1.2 billion for the most recent cancellation, according to reports of the transaction.

Original reporting: https://techcrunch.com/2026/08/07/trump-administration-has-spent-nearly-4b-to-cancel-offshore-wind-farms/

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