Trump Expands Offshore Wind Buyout Strategy With New Deals Steering Capital Into LNG and Oil

The Trump administration has expanded its newfound strategy of unwinding offshore wind development through negotiated buyouts, announcing two new agreements that will see two projects give up federal offshore leases and redirect nearly $885 million into liquefied natural gas and conventional energy projects.

The agreements with Bluepoint Wind and Golden State Wind, announced Monday by the U.S. Department of the Interior, follow a precedent-setting $928 million deal struck last month with TotalEnergies and suggest what began as a one-off settlement is hardening into a broader policy tool as the administration reshapes U.S. energy strategy.

Rather than relying on the national security