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Golden State Wind Offshore Wind Lease Termination and Investment Agreement

Sector: Oil and Gas • Location: Morro Bay, California, United States

Source: Sierra Sun Times

Project
Agreement Reached

Golden State Wind has agreed to voluntarily end its offshore wind lease located in the Morro Bay Wind Energy Area, California. Under the agreement, Golden State Wind will recover approximately $120 million in lease fees after investing an equal amount in U.S. oil and gas assets, energy infrastructure, and/or LNG projects along the Gulf Coast. The company has also decided not to pursue any new offs

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The project “Golden State Wind Offshore Wind Lease Termination and Investment Agreement” is an infrastructure initiative in the Oil and Gas sector, located in Morro Bay, California, United States. Taiyo aggregates data on it from Sierra Sun Times.

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Description

Description

Golden State Wind has agreed to voluntarily end its offshore wind lease located in the Morro Bay Wind Energy Area, California. Under the agreement, Golden State Wind will recover approximately $120 million in lease fees after investing an equal amount in U.S. oil and gas assets, energy infrastructure, and/or LNG projects along the Gulf Coast. The company has also decided not to pursue any new offshore wind projects in the United States.

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