News: 1777399821

  ARM Give a man a fire and he's warm for a day, but set fire to him and he's warm for the rest of his life (Terry Pratchett, Jingo)

Trump admin pays wind developers to quit, back fossil fuel projects

(2026/04/28)


As the Iran war pushes up energy prices, the Trump administration is paying offshore wind developers to walk away from projects and invest instead in fossil fuel infrastructure.

The US Department of the Interior (DoI) announced on Monday two "historic" agreements under which the firms behind the Bluepoint Wind and Golden State Wind projects will voluntarily terminate their offshore wind leases.

In return, the DoI will reimburse the companies with taxpayers' cash, to the tune of $765 million in the case of Bluepoint Wind, and $120 million for Golden State Wind.

[1]

There is a catch, of course: the leaseholders must first invest a comparable amount in qualifying US conventional energy projects (i.e., oil, gas, or liquefied natural gas infrastructure) before they can recover the money tied to their offshore wind leases.

[2]

[3]

This isn't the first such development: last month, the DoI reached a [4]similar deal with French ‌energy biz TotalEnergies to reimburse the company approximately $1 billion to give up its wind farm leases in Carolina Long Bay and the New York Bight area, suggesting that this may be an ongoing strategy.

It appears that paying developers to surrender offshore wind leases has become a fallback strategy after President Trump's [5]executive order halting new federal approvals for wind projects ran into legal challenges from a coalition of state attorneys general and was later struck down in federal court.

[6]

In a remarkable coincidence, both sets of developers have decided not to pursue any new offshore wind developments in the US.

Washington's justification for these actions is that it is all part of President Trump's "Energy Dominance Agenda" to "leverage the nation's natural resources" to benefit American citizens and help lower everyday energy costs.

"President Trump is focused on providing affordable and reliable energy to American citizens," claimed Secretary of the Interior Doug Burgum in a prepared remark.

[7]

"The companies that bid for these offshore wind leases were basically sold a product in 2022 that was only viable when propped up by massive taxpayer subsidies. Now that hardworking Americans are no longer footing the bill for expensive, unreliable, intermittent energy projects, companies are once again investing in affordable, reliable, secure energy infrastructure," he added.

The President's well-known aversion to renewable energy is said to date back at least to his [8]failed legal attempt to stop a wind farm project from being built within sight of his golf course in Scotland over a decade ago.

Looking at the figures, fossil fuel producers are estimated to receive about [9]$34.8 billion a year in federal support through tax breaks, royalty policies, and other subsidies, even though oil and gas have enjoyed public backing for decades and hardly qualify as an emerging industry.

[10]Trump's wind farm funding freeze is so much hot air, say states as they blow sueball to Washington

[11]Trump may hate renewables, but AI datacenters still fancy cheap solar

[12]Renewables blow past nuclear when it comes to cheap datacenter juice

[13]Climate goals go up in smoke as US datacenters turn to coal

Globally, fossil fuel subsidies are typically much higher than those handed out to renewable energy projects. According to the [14]International Monetary Fund (IMF), fossil fuel subsidies exceeded $7 trillion in 2022, or 7.1 percent of global GDP. Meanwhile, G20 governments provided about $168 billion in [15]public financial support for renewable power in 2023, according to the International Institute for Sustainable Development (IISD).

At the same time, the most recent annual report on electricity generation costs published by [16]investment bank Lazard found that unsubsidized wind and solar had been the lowest cost energy generation sources in the US for at least the last decade.

This is apparent to big energy users like datacenter operators, which are keen to [17]keep renewables in the mix due to the low cost of solar in particular.

But it appears the Trump administration is convinced that only oil and gas, with a side dish of [18]atomic power , can provide the energy America needs to meet the challenges of the future. ®

Get our [19]Tech Resources



[1] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_offbeat/science&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=2&c=2afEt_2Oet6NFU0TrGk4IigAAAFA&t=ct%3Dns%26unitnum%3D2%26raptor%3Dcondor%26pos%3Dtop%26test%3D0

[2] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_offbeat/science&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44afEt_2Oet6NFU0TrGk4IigAAAFA&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0

[3] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_offbeat/science&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=3&c=33afEt_2Oet6NFU0TrGk4IigAAAFA&t=ct%3Dns%26unitnum%3D3%26raptor%3Deagle%26pos%3Dmid%26test%3D0

[4] https://www.reuters.com/business/energy/ceraweek-us-totalenergies-shift-1-billion-wind-oil-gas-2026-03-23/

[5] https://www.theregister.com/2025/05/07/ags_sue_trump_wind_energy_freeze/

[6] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_offbeat/science&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44afEt_2Oet6NFU0TrGk4IigAAAFA&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0

[7] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_offbeat/science&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=3&c=33afEt_2Oet6NFU0TrGk4IigAAAFA&t=ct%3Dns%26unitnum%3D3%26raptor%3Deagle%26pos%3Dmid%26test%3D0

[8] https://www.theguardian.com/us-news/2025/jul/24/trump-clean-energy-war-global

[9] https://oilchange.org/news/us-fossil-fuel-subsidies/

[10] https://www.theregister.com/2025/05/07/ags_sue_trump_wind_energy_freeze/

[11] https://www.theregister.com/2026/01/13/renewables_ai_datacenters/

[12] https://www.theregister.com/2025/09/26/renewables_vs_smr_datacenter/

[13] https://www.theregister.com/2025/10/10/datacenter_coal_power/

[14] https://www.imf.org/en/topics/climate-change/energy-subsidies

[15] https://www.iisd.org/publications/report/renewable-energy-support-g20

[16] https://www.lazard.com/news-announcements/lazard-releases-2025-levelized-cost-of-energyplus-report-pr/

[17] https://www.theregister.com/2026/01/13/renewables_ai_datacenters/

[18] https://www.theregister.com/2026/01/29/us_nuclear_campuses/

[19] https://whitepapers.theregister.com/



elsergiovolador

Wind

I used to work with wind developer. He was religiously eating beans on toast during lunch.

iron

I'd have thought wind was a natural resource the USA has in abundance. There's certainly plenty of it coming from the White House.

Kevin McMurtrie

That wind is highly corrosive.

Dan 55

Colombia summit

Seems odd that this wasn't mentioned in an article like this.

One the one hand there is one country bribing countries not to invest in renewables, on the other hand 50 countries realise renewables are a matter of national security and decide to move forward as fast as possible with them.

sured

Re: Colombia summit

National security is a bad example as the Strait of Hormuz is proving the exact opposite and I think Trump knows that, the timing cannot be coincidental here.

What I'm not clear on is why even bother with these renewable companies as they're not nor ever will be a threat to Aramxo, Exxon etc. and coal is not going anywhere in the US. Who really wants out... the renewable companies?

Not Yb

Re: Colombia summit

It's not that the renewable companies want out. They wanted to build these things, and actually paid the US for the privilege (long-term leasing part of our ocean holdings).

Trump hates windmills (eg, wind farms), and has been against them ever since he couldn't [1]stop them from being put up within sight of his overseas golf course . Trump wants them out, because he doesn't like how they look. Secondarily, he loves using US oil and gas to create energy in the US, despite any environmental issues (which are 'Somebody Else's Problem'™).

The wind companies would not build these things if they weren't profitable.

Complaints about 'taxpayer subsidies' will be ignored because pretty much every US energy source is subsidized in some fashion.

[1] https://www.bbc.com/news/uk-scotland-north-east-orkney-shetland-47400641

Dan 55

The US is also actively derailing a net zero shipping agreement

[1]Historic climate shipping deal faces ‘real fight’ as talks restart

I hope this time countries are more immune to Trump's threats after most of his tariff toys were taken off him. Last year talks stalled because [2]US negotiators threatened other countries' officials and their families .

[1] https://www.ft.com/content/23cccf8a-3e4e-4807-ad64-ba0b8c85cb3c?shareType=nongift&syn-25a6b1a6=1

[2] https://on.ft.com/4qJF3Ko

glennsills@gmail.com

Trump was bribed to do this

According to an article in the NY Times

"During the presidential campaign, Donald J. Trump gathered oil executives at his Mar-a-Lago estate and promised them a powerful return on their investment if they raised $1 billion to help him retake the White House."

It also explains the Iranian war, along with he just generally does what Netanyahu tells him to do.

DS999

Re: Trump was bribed to do this

The Iran war has been a boon for US oil interests. It isn't costing them any more to produce a barrel of oil than it did a few months ago, but they are getting $40 per barrel more for it. They would love it if Hormuz is shut down for the rest of his term, i.e. the current status quo where Trump has put the US in a much worse strategic position than it was before he started his pointless war.

At least if it goes on long enough and we see $5 to $6 gas it'll help renewables far far more than any sort of government subsidies would by accelerating the transition away from fossil fuels for simple pocketbook reasons. Heck even Musk will like it as it might help the falling sales of his swasticars.

IGotOut

So to deliver value to the US taxpayer....

...he's going to use tax payer money for US companies to stop using already invested US money and get US oil, whilst simultaneously making oil more expensive for everyone because of US policy.

Got it.

Anonymous Coward

I hope the states affected have already told those companies they will never do a penny's worth of business there again.

Anonymous Coward

I'm sorry, what are you trying to say here? The companies involved didn't really have much choice about this 'agreement'. DoI is basically cancelling the lease, and paying back the deposit.

Groo The Wanderer - A Canuck

Poor baby is really offended by windmills within view of shoreline golf courses.

What a self serving moron when you consider the very real threat of climate change.

But let me guess: the dullest tool in the shed thinks that climate change and carbon emissions being the cause is a conspiracy of some kind...

Jellied Eel

But let me guess: the dullest tool in the shed thinks that climate change and carbon emissions being the cause is a conspiracy of some kind...

The dullest tools in the shed favour pre-Industrial technology, despite our ancestors giving that up once we'd developed more efficient, reliable power generation that didn't rely on batteries. But the scam works because people generally don't look at what lies (literally) behind crazy claims. Or wonder why countries like the UK and Germany that have made massive 'investments' into 'renewables' have very high energy costs and the corresponding industrial decline. So-

Globally, fossil fuel subsidies are typically much higher than those handed out to renewable energy projects. According to the International Monetary Fund (IMF), fossil fuel subsidies exceeded $7 trillion in 2022, or 7.1 percent of global GDP.

This is only true when using fantasy econonomics-

https://www.imf.org/en/topics/climate-change/energy-subsidies

Implicit subsidies occur when the retail price fails to include external costs, inclusive of the standard consumption tax. External costs include contributions to climate change through greenhouse gas emissions, local health damages (primarily pre-mature deaths) through the release of harmful local pollutants like fine particulates, and traffic congestion and accident externalities associated with the use of road fuels.

Then a handy worked example that loads lots of costs onto a litre of petrol to turn a pump price of 30c/l to a 'socially optimum' price of $1.25 and thus plucking 95c in 'subsidies' out of their arse. But then climate cultists would prefer it if people never looked at the details. But the IMF fantasies are especially dumb, 15c in 'road accidents and congestion costs' and 30c in 'air pollution costs'. Which are only unique to ICE vehicles, apparently. EV's never crash or cause congestion. When they crash, they somehow don't make accidents more severe because EV's are as overweight as the typical rainbow-headed follower of Gaia. When they burn, they don't damage road surfaces, or take hours or sometimes days to extinguish, releasing toxic chemicals while they burn. And being overweight, EVs create more fine particulates via extra tyre and road dust.

IGotOut

"like the UK and Germany that have made massive 'investments' into 'renewables' have very high energy costs"

Let me educate you

"Why are electricity prices linked to gas?

The price of electricity is usually set by the price of gas-fired power plants in the UK, Italy and many other European markets.

This is due to the “marginal pricing” system used in most electricity markets globally.

......

As a result, whenever there is a spike in the cost of gas, electricity prices go up too."

The UK is aiming to break the link between gas and renewable energy.

You're welcome.

Jellied Eel

The price of electricity is usually set by the price of gas-fired power plants in the UK, Italy and many other European markets.

This is due to the “marginal pricing” system used in most electricity markets globally.

See? Lies and half-truths. So marginal pricing was a wizard wheeze where the most expensive generator sets the price. This was rigged to allow the most expensive generators (ie 'renewables') subsidies. Slight snag. Because of wind's intermittency, this increased the demand for gas to keep the lights on at night, or just when the wind isn't blowing. Then because the idea of warmth makes snowflakes melt, assorted 'sin taxes' were loaded onto gas to make that more expensive. And then our 'leaders' demonstrated their economic genius by sanctioning themselves from cheap Russian gas, blowing up pipelines and finally closing the Strait of Hormuz.

So a brilliant solution that means the people that created the problem, ie 'renewables' and their inherent intermittency also created a highly profitable solution. When gas sets the price, wind farmers get paid windfall profits, even though gas isn't an input cost for them. But given the collosal subsidies generated by 'renewables', it's unsuprising their lobbyists create so much garbage like the IMF's 'subsidies'. Regulatory capture. The grift that keeps on grifting.

The UK is aiming to break the link between gas and renewable energy.

The UK isn't trying very hard. It is muttering about removing or reducing some 'renewables' subsidies, but those don't go far enough to bring energy prices down. Especially not after new rounds of CfD auctions that still lock in inflated prices and windfalls. Again it should be obvious from the way 'investments' in 'renewables' have just inflated energy costs, prices and greatly reduced energy security. The situation is also unlikely to improve in the UK given if Starmer gets booted out, he might be replaced by Millibrain, the architect of the UK's economic destruction.

Anonymous Coward

[1]One year after Spain’s blackout, its shift to renewables and grid evolution power on

In the intervening months since the blackout, a devastating conflict has broken out in the Middle East, and the closure of the strait of Hormuz has sent gas prices steeply upwards. But Spain has been relatively protected compared with other countries because of its existing investment in renewable energy. Jan Rosenow, a professor of energy and climate policy at the University of Oxford, said, “wholesale electricity prices would have been 40% higher in the first half of 2024 without the wind and solar growth of recent years”.

In 2025, gas was framed as saving the grid from renewables. But in 2026, renewable energy is protecting consumers from the acute impacts of gas. Rosslowe said: “Spain’s average power prices in March (€43 per MWh) were the third lowest in Europe, after Finland and Portugal, twice as low as Germany (€99 per MWh) and three times as low as Italy (€144 per MWh). That’s because of the weakened link between Spanish electricity and gas prices.”

[1] https://www.theguardian.com/world/2026/apr/28/blackout-spain-renewable-energy-grid-solar-wind

sorry, what?

Trump hates...

The future and his kids' future. I guess it's because he doesn't have much of one left for himself and wants to take the world with him.

alain williams

I would not mind Trump doing this ...

if the CO₂ and other pollutants stayed within the geographic boundary of the USA. Unfortunately this does not happen and what he does affects global climate change and people's health everywhere.

OS swapped to disk