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Golden State Wind Offshore Wind Project Lease Termination

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

Source: News Channel 3-12

Project
Cancelled

Golden State Wind agreed to abandon its lease within the Morro Bay Wind Energy Area off the Central Coast. The company could recover around $120 million from the Trump Administration after investing an equal amount in U.S. oil and gas assets, energy infrastructure, and/or LNG projects along the Gulf Coast. This agreement includes a dollar-for-dollar reimbursement for terminating the lease and a co

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The project “Golden State Wind Offshore Wind Project Lease Termination” is an infrastructure initiative in the Oil and Gas sector, located in Morro Bay, California, United States. Taiyo aggregates data on it from News Channel 3-12.

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cancelled

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Description

Description

Golden State Wind agreed to abandon its lease within the Morro Bay Wind Energy Area off the Central Coast. The company could recover around $120 million from the Trump Administration after investing an equal amount in U.S. oil and gas assets, energy infrastructure, and/or LNG projects along the Gulf Coast. This agreement includes a dollar-for-dollar reimbursement for terminating the lease and a commitment not to pursue new offshore wind projects in the U.S.

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