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Feds Pay Duke Energy to Abandon Wind Lease | Wilmington News
The feds are handing out $129 million to Duke Energy to cancel a major offshore wind lease off North Carolina’s coast — part of a growing trend of buying out wind projects to fund nuclear, gas, and grid upgrades. Duke paid $155 million to secure the lease in 2022, meaning they’re losing money — but this move fits a broader political pushback against offshore wind, especially under the Trump administration’s permit pauses. It’s the fourth such buyout this year, totaling billions, sparking lawsuits from states and mixed reactions from local communities worried about wildlife and aesthetics…
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