For Immediate Release: April 27, 2026
Media Contact: [email protected]
BALTIMORE – Today, the Department of the Interior announced agreements to buy back two offshore wind leases, Bluepoint Wind and Golden State Wind, from Ocean Winds North America and Global Infrastructure Partners. Both affiliates will be reimbursed their lease sale fee and commit to making financial investments in conventional energy projects in the U.S.
In response, Oceantic Network has released the following statement from Sam Salustro, SVP of Policy & Market Affairs:
“Unable to defend its offshore wind actions in court, the administration is using taxpayer dollars to buy foreign companies out of legally executed offshore wind leases. The economic damage and costs to consumers’ pocketbooks are staggering. At the same time, Massachusetts is demonstrating the opposite path forward: Vineyard Wind is helping to solve the energy affordability crisis, saving ratepayers $1.4 billion over the next twenty years. Communities should be celebrating cost savings and homegrown power—not paying more because viable American energy projects are being canceled. Until these actions are stopped through legal challenge, consumers will continue to bear the cost of an administration choosing which energy sources are allowed to succeed.”
Additional Information:
- Vineyard Wind Contracts Lower Electricity Prices for Massachusetts Customers
- Offshore Wind is Working Fact Sheet
- Oceantic State and Supply Chain Sector Fact Sheets
For more information or to arrange an interview with an Oceantic spokesperson, contact us at [email protected].
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At Oceantic Network, we envision a thriving offshore energy industry powering strong economies. Offshore wind energy is the gateway to a host of other ocean renewables, including green hydrogen, wave energy, offshore solar, and more. Our collaborative member network advances the offshore renewable energy market and builds a robust supply chain of local companies. For more than a decade, Oceantic has grown alongside industry, setting the pace for an expanded view of what offshore renewable energy can deliver towards our nation’s energy mix. For more information about Oceantic membership, products and services, visit our websiteor follow us on LinkedIn.
