Trump Administration Pays $928M for Offshore Wind Farm Cancellation

0:00It's March 25th. You're listening to Sydney News today, AI-powered local news. I'm Corey with the story. The Trump administration just cut a deal with French energy company total energies, paying it $928 million to drop plans. For offshore wind farms, Av New York and North Carolina. Those leases, bought under the Biden era, covered projects that could have generated four gigawatts of clean power. This move flips Biden's push for renewables on its head, with the cash now heading to total energies oil and gas ventures in the US, like an LNG, terminal in Texas and more Gulf of Mexico production. It's part of a broader effort after the administration lost five court battles earlier this year, trying to block other wind projects. Trump has long voiced strong opposition to wind turbines, calling for no new ones on federal lands or waters. Public see this as taxpayer money handed over for nothing built, especially when courts upheld the original permits that included security checks. The loss farms could have powered up to 2.5 million homes, just as the US grid strains

1:05under exploding data center demand for AI, which, my triple electricity needs in a decade, hire oil prices from global tensions, only highlight the push for diverse energy sources. Meanwhile, developers like total energies will keep building renewables abroad, leaving US energy security more tie to fossil fuels amid rising costs. And grid pressures.