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Duke Energy Backs Off Wind Plans | Wilmington News
Duke Energy just cashed out big time—selling back its offshore wind lease near Brunswick County for nearly $129 million. No turbines headed for the Wilmington coast anytime soon. The cash? Going toward grid upgrades and new power sources like nuclear and natural gas, aimed at keeping costs down and powering the Carolinas reliably. This isn’t an outlier—other companies are ditching offshore wind too, as federal buybacks reshape the landscape. While Virginia pushes ahead with its own wind project, the Outer Banks remains the only active contender. The push for offshore wind was once seen as a…
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