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Duke to reinvest $129M after canceling NC offshore wind lease

Two months after the Trump administration canceled two large offshore wind energy leases, the US Department of the Interior (DOI) announced a settlement with Duke Energy.


The agreement, announced Monday by Interior Secretary Doug Burgum, allows Duke Energy, the state’s largest electrical producer and provider, to voluntarily terminate its federal offshore wind lease for its Carolina Long Bay project. The Carolina Long Bay project was planned around 22 miles south of Bald Head Island in Brunswick County and was expected to generate enough electricity to power more than 300,000 homes. 

Read more in The Carolina Journal here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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