Trump administration ends 1 Morro Bay offshore wind project

Key Points:

• Ocean Winds has canceled its Golden State Wind offshore turbine project off Morro Bay, agreeing to end its lease and recover $120 million after investing an equal amount in U.S. oil, gas, or LNG projects in the Gulf Coast, as announced by the U.S. Department of the Interior.
• The termination is part of a broader $885 million deal with two offshore wind companies, including Bluepoint Wind near New York, aimed at supporting President Trump's Energy Dominance Agenda by shifting investments toward traditional energy infrastructure.
• The Golden State Wind project was expected to generate 2 gigawatts of clean energy for 1.1 million homes, but its cancellation has drawn criticism from California officials and clean energy advocates who see it as a setback for local workers and climate goals.
• Local opposition groups like REACT Alliance praised the deal for protecting environmental and economic interests, while Governor Gavin Newsom and Rep. Salud Carbajal condemned it as a misuse of taxpayer funds and a blow to the state's clean energy future.
• The fate of other offshore wind leases in California held by Equinor and Invenergy remains uncertain, with no updates provided following the announcement.