- The Trump administration will pay Duke Energy $129 million to abandon plans for an offshore wind farm off North Carolina.
- Duke Energy will surrender its federal lease in the Carolina Long Bay area and intends to reinvest the funds into advancing nuclear and natural gas generation.
- Interior Secretary Doug Burgum stated the move aligns with President Trump's vision for affordable and reliable American energy.
- Critics, including the Southeastern Wind Coalition, argue the termination is a setback, estimating the project could have powered 300,000 homes and created 37,000 jobs.
- This deal is part of a pattern, following similar agreements where the Trump administration paid firms like TotalEnergies and Invenergy to cancel wind projects, some of which have faced lawsuits from states.
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