Trump administration buys back Invenergy’s four offshore wind leases for $765 million

The Trump administration is buying back Invenergy’s U.S. offshore wind leases for four early-stage projects for $765 million and says the company will shift that money into natural gas and geothermal development. The agreement raises total federal spending on similar buyback deals to nearly $2.6 billion. Invenergy plans natural gas facilities in Indiana, Wisconsin, Iowa, Kansas, and Missouri, while pursuing geothermal development in the West.