Duke Energy will end its offshore wind lease in the Carolina Long Bay area under a settlement with the U.S. Department of the Interior, signaling a setback for its renewable energy plans. The move reflects the Trump administration's effort to redirect investment away from offshore wind. The development is negative for Duke's offshore wind exposure, though the broader market impact is likely limited.
Duke Energy will end its offshore wind lease in the Carolina Long Bay area under a settlement with the U.S. Department of the Interior, signaling a setback for its renewable energy plans. The move reflects the Trump administration's effort to redirect investment away from offshore wind. The development is negative for Duke's offshore wind exposure, though the broader market impact is likely limited.
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