Invenergy Drops Four Offshore Leases, Turbines Become Reefs

Allen covers Invenergy returning four offshore wind leases for $765 million, a Block Island study finding turbines became reefs, RES’s Smart Pilot drone inspections, RWE’s three new French wind farms, and a $12 billion Japan-UK floating wind compact.

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Good Monday everyone. There is a deal being made in Washington today … and the ocean is watching.

Invenergy, the largest privately held power developer in North America, has agreed to hand back four offshore wind leases to the federal government. The price tag … seven hundred sixty-five million dollars. Those leases covered waters off New York, the Gulf of Maine, and Morro Bay off central California. One of those projects … Leading Light Wind … a two-point-four gigawatt development in the New York Bight … had already been canceled last November due to economic and regulatory pressure. The remaining three lease areas represented another four-point-eight gigawatts of potential capacity. All of it … gone.

In exchange, Invenergy will redirect that capital into natural gas plants in Indiana, Wisconsin, Iowa, Kansas, and Missouri … and into geothermal projects across the Western United States. This is now the eighth offshore wind lease the Trump administration has bought out. Total cost to the federal government across all eight deals … more than two-point-five billion dollars. Seven state attorneys general are already suing over an earlier buyout with another developer, arguing the administration lacks legal authority to use federal funds this way.

Invenergy is already pivoting toward geothermal. Just last week, the company acquired a five thousand-acre geothermal parcel in New Mexico through a federal lease sale. That brings its total federal geothermal footprint to forty-five parcels … one hundred forty-four thousand acres … across five western states.

While Invenergy’s offshore leases are being canceled … the ocean beneath those kinds of projects may be quietly thriving. Scientists have spent seven years studying the Block Island Wind Farm off the coast of Rhode Island … America’s first offshore wind installation. They tracked nearly a million marine animals across seventy-one species. What they expected to find was damage. What they found instead … was astounding.

Black sea bass abandoned their old wandering patterns and began clustering around the turbine foundations to feed. Blue mussels colonized the steel pylons. Macroalgae spread across the submerged surfaces. Cod, lobster, and reef fish moved into the rock piled around the bases. The turbines became reefs. Accidental … but unmistakable.

Researchers at the University of St. Andrews strapped GPS trackers to harbor seals expecting them to flee offshore wind farms. Instead … the seals swam straight lines through the turbine rows … stopping to forage at each foundation … like a delivery driver working a route. One seal traced the turbine layout so precisely that researchers said you could have mapped every foundation from that single animal’s trail alone.

Researchers are finding a sobering conclusion: whether a turbine helps the ocean or hurts it depends almost entirely on how old it is … and where it stands. New foundations going in … disruptive. Old foundations with fifteen years of growth on them … something closer to a reef. The science is finally precise enough to say which is which. The seals figured it out years ago. They just went where the food was … in very straight lines.

Meanwhile, on dry land … RES, the global renewable energy company, has launched a new tool called Smart Pilot that automates wind turbine blade inspections using drones. RES says it will take twenty-five percent less time. And it runs on standard DJI consumer drone hardware … no proprietary equipment required. RES currently supports approximately forty-five gigawatts of installed renewable capacity worldwide.

And over in France … RWE has officially opened three new wind farms in northern France. Combined capacity: sixty-eight-point-eight megawatts. Together, they will power approximately thirty-eight thousand French households with electricity from the wind. The projects took a decade from development to inauguration. The turbines are spinning now.

And over in the UK, Japan and the United Kingdom have signed an Offshore Wind Compact committing Japan to facilitate up to nine billion British pounds … roughly twelve billion dollars … in investment for five-point-nine gigawatts of floating offshore wind in British waters. Three projects underpin the deal. Ossian … three-point-six gigawatts … Green Volt … five hundred sixty megawatts … and Erebus … a one hundred megawatt demonstration project planned for the Celtic Sea. The United Kingdom called it a long-term structural measure. Not a reaction to the moment. But a bet on the future.

There are many roadblocks ahead for offshore and onshore wind. That is clear. Invenergy turning over their offshore leases feels more like financial leveraging than an internal philosophy shift. At some point in the relatively near future Invenergy can probably buy back those leases at a fraction of the cost. Because wind energy — along with solar energy — is only getting cheaper. And economics eventually wins.

And the worry about sea life due to offshore turbines — that worry seems misplaced.

And that’s the state of the wind industry for the 22nd of June 2026. Join us tomorrow for the Uptime Wind Energy Podcast.