Equinor, Dominion Buy Offshore Wind Leases Despite Trump Threat
- Trump said he would target the industry if he wins presidency
- The companies together paid $93 million for the two leases
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Equinor ASA and Dominion Energy Inc. will spend a combined $93 million on leases to develop offshore wind farms near Delaware and Virginia, despite former president Donald Trump’s vow to target the industry if he retakes office.
The two companies provisionally won the latest federal auction for offshore leases, the US Interior Department announced Wednesday. Equinor will pay $75 million to develop a 101,400-acre patch of ocean about 26 nautical miles (48 kilometers) from Delaware Bay, while Dominion will spend nearly $18 million for a 176,500-acre lease about 35 miles from Chesapeake Bay.