Trump Continues Dismantling Biden’s Offshore Wind Dreams

Melina MARA / POOL / AFP via Getty Images

The Trump administration’s systematic dismantling of Joe Biden’s offshore wind dreams continued on Monday.

The Department of Interior (DOI) announced an agreement with Duke Energy in which the company agrees to cancel its plans for a huge wind project offshore North Carolina — adjacent to the Carolina Long Bay area — in exchange for a payment of $129 million. (RELATED: Europeans Discover Simple Luxury As They Descend On US For World Cup)

Despite claims from critics that the payment amounts to the administration bribing Duke to cancel its project, the truth is that the funds represent a partial reimbursement of the company’s lease costs consistent with federal statutes and regulations. The good news for North Carolina is the way Duke plans to reinvest the funds.

“This settlement allows Duke Energy to refocus $129 million in ways that directly benefit our customers and communities in the Carolinas,” said Kodwo Ghartey-Tagoe, executive vice president and chief executive officer of Duke Energy Carolinas. “Under the agreement, Duke Energy will reinvest nearly $129 million in additional generating capacity, which may include advancing new nuclear and natural gas generation, and grid enhancements to strengthen reliability, support continued........

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