US Government Scraps Two Offshore Wind Leases for Fossil Fuel Investment Pledge Maritime Activity Reports, Inc. April 27, 2026 © Adobe Stock/Peter Adams President Donald Trump's administration said on Monday that it had reached a deal to end two more U.S. offshore wind leases in exchange for $885 million in pledged investments in domestic fossil fuels. The projects, one in the Atlantic and one in the Pacific, are managed by Ocean Winds, a joint venture between France's ENGIE and Portugal's EDP Renewables. The announcement comes a month after French energy giant TotalEnergies reached a similar agreement with the Interior Department to redirect $1 billion from offshore wind leases to U.S. oil and gas production. The deals represent a new strategy in Trump's effort to stymie U.S. offshore wind projects, which the president has called ugly, costly and inefficient. "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," Interior Secretary Doug Burgum said in a statement. An offshore wind industry group criticized the deals for canceling projects that would provide needed electricity to serve soaring demand. "We should maximize use of this valuable, domestic resource and pursue a true all-of-the-above energy strategy rather than deliberately limiting our options," Hillary Bright, executive director of trade group Turn Forward, said in a statement. Both projects are joint ventures. Ocean Winds partnered with a unit of asset manager BlackRock on Bluepoint Wind, which is off the coast of New York and New Jersey, and with Reventus Power, a London-based offshore wind investment firm, in the Golden State Wind project off California. Global Infrastructure Partners, the BlackRock unit, agreed to invest $765 million, the bid amount for Bluepoint Wind, in a U.S. liquefied natural gas facility, the agency said. "We look forward to