Why Trump’s $2 Billion Buyoff to Cancel Offshore Wind Farms Is a Bad Deal for American Taxpayers and the US Energy Supply
The buyouts would cancel 8 GW of planned power and affect projects in New York, New Jersey, North Carolina and California, officials said.
- Donald Trump is paying offshore wind developers nearly $2 billion in taxpayer money to abandon permitted energy projects, effectively halting major development along the East Coast.
- After a federal judge declared the administration's executive order halting wind lease sales unconstitutional in December 2025, officials shifted tactics to pay developers to cease projects rather than prohibiting them directly.
- Specific projects agreeing to these buyouts include TotalEnergies leases, Golden State Wind in California, and Bluepoint Wind off New Jersey and New York, where communities had built ports to support them.
- With these buyouts, the nation loses 8 GW of planned electricity generation, enough to power more than 3 million homes, forcing reliance on dirtier energy sources and increasing costs for American consumers.
- Experts, including Director Christopher Niezrecki of UMass Lowell and Deputy Director Ben Link of Johns Hopkins University, argue that canceling these energy projects is a "bad deal" for American taxpayers.
36 Articles
36 Articles
Trump's latest deal likely to spike electricity prices for decades
By Christopher Niezrecki, Director of the Center for Energy Innovation, UMass Lowell; Ben Link, Deputy Director of the Ralph O’Connor Sustainable Energy Institute, Johns Hopkins University, and Zoe Getman-Pickering, Program Director of the Academic Center for Reliability and Resilience of Offshore W...
Trump’s $2B buyoff to cancel offshore wind farms is a bad deal for taxpayers amid energy shortage
The U.S. is in a bizarre situation in 2026: It’s facing a looming energy shortage, yet the Trump administration is making deals to pay offshore wind developers nearly US$2 billion in taxpayer money to walk away from energy projects. These politically motivated moves are costing Americans far more than just the buyouts. Communities have been laying the groundwork for offshore energy projects for years. Offshore wind development brings jobs and ec…
The Conversation
Why Trump’s $2 billion buyoff to cancel offshore wind farms is a bad deal for American taxpayers and the US energy supply
Wind farm construction means jobs and locally produced power. AP Photo/Michael DwyerThe U.S. is in a bizarre situation in 2026: It’s facing a looming energy shortage, yet the Trump administration is making deals to pay offshore wind developers nearly US$2 billion in taxpayer money to walk away from energy projects. These politically motivated moves are costing Americans far more than just the buyouts. Communities have been laying the groundwork …
Blowback Is Building Against Trump’s Cash-For-Quitting Offshore Wind Scheme
Current conditions: A series of tornadoes has flattened entire neighborhoods in central and southern Mississippi, causing what one pastor called “just total devastation” • The heat index across the northern half of the Philippines’ main island of Luzon could feel as high as 122 degrees Fahrenheit, raising the risk of heat stroke • There will be some hot moms in Phoenix this weekend when temperatures in Arizona’s sprawling capital top 108 degrees…
Why Trump’s USD 2 billion buyoff to cancel offshore wind farms is bad deal for American taxpayers, US energy supply
Baltimore (US), May 9 (The Conversation) The US is in a bizarre situation in 2026: It’s facing a looming energy shortage, yet the Trump administration is making deals to pay offshore wind developers nearly USD 2 billion in taxpayer money to walk away from energy projects. These politically motivated moves are costing Americans far more than just the buyouts. Communities have been laying the groundwork for offshore energy projects for years. Offs…
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