Dive Brief - Two U.S. offshore wind projects totaling up to 4.4 GW of planned capacity will not move forward after the developers entered into an agreement with the U.S. Interior Department in which the government said it will cancel the leases and “reimburse” the companies — but not until after they have made equal investments in American liquified natural gas, oil and energy infrastructure. - DOI issued a statement on Monday saying Bluepoint Wind offshore New York and Golden State Wind offshore California “each separately agreed to voluntarily end their offshore wind leases” and not to pursue any new offshore wind projects in the United States. DOI put the value of the lease agreements and potential reimbursements at $765 million for Bluepoint and $120 million for Golden State. - EDP, a Portuguese company with stakes in both projects, said it had “agreed to settle imminent claims.” The reimbursement of the amounts previously paid for the leases’ acquisition are contingent upon reinvestment in other U.S. energy projects “aligned with the current Administration of USA’s priorities,” EDP said. “The proceeds are expected to be received after fulfilment of conditions precedent which is anticipated to happen during 2026.” Dive Insight Secretary of the Interior Doug Burgum said in a statement that the companies that bid for the offshore wind leases “were basically sold a product in 2022 that was only viable when propped up by massive taxpayer subsidies.” “Now that hardworking Americans are no longer footing the bill for expensive, unreliable, intermittent energy projects, companies are once again investing in affordable, reliable, secure energy infrastructure,” he said. “In addition, the agreements resolve the unaddressed national security concerns at both projects.” Ocean Winds, a 50% owner of Bluepoint Wind and Golden State Wind, is a joint venture owned by ENGIE and EDP Renewables.