The Trump administration is canceling four offshore wind leases held by Invenergy and refunding $765 million to the company, adding another chapter to what has become a systematic dismantling of America’s offshore wind pipeline.
Invenergy’s four leases, acquired at federal auctions between 2022 and 2024, were all undeveloped. The total original payment for those leases was roughly $766 million, meaning the company is getting back nearly every dollar it put in.
A pattern, not an anomaly
This is the third major offshore wind lease termination under the Trump administration in a matter of months.
In March 2026, TotalEnergies reached a deal worth approximately $928 million to $1 billion to surrender two of its leases. A month later, Ocean Winds and its partners agreed to a roughly $885 million refund for their wind leases. Now Invenergy joins the list with its $765 million reimbursement.
