Wind Farm Plans Blown Away in Morro Bay

Offshore Wind Company Cancels Morro Bay Project in Deal with Trump Administration

One of three offshore wind companies has canceled its plans to deploy turbines off Morro Bay in a deal announced by the Trump administration on Monday. Ocean Winds, which owns the Golden State Wind project, agreed to end its lease in the Morro Bay Wind Energy Area, the U.S. Department of the Interior announced in a news release. As part of the deal, Golden State Wind can recover about $120 million in lease fees after the company invests an equal…

Wind Farm Plans Blown Away in Morro Bay

Wind Farm Plans Blown Away in Morro Bay MORRO BAY, Calif. (KEYT) A long planned floating wind farm off the Central Coast is not going to happen. The Trump Administration is paying the developer to walk away from the project. Golden State Wind agreed to end it for an estimated $120 million. The company says the deal offers clarity to investors. President Trump is offering money to end other wind farm deals as well. The post Wind Farm Plans Blown …

$120 Million Federal Deal Ends Morro Bay Offshore Wind Project

Ocean Winds, the company behind the Golden State Wind project off Morro Bay, has agreed to terminate its federal lease in a deal announced Monday by the U.S. Department of […] The post $120 Million Federal Deal Ends Morro Bay Offshore Wind Project appeared first on edhat.