Another offshore wind developer exits California in $1.22-billion deal with Trump administration

Trump Administration Pays German Energy Firm RWE $1.22 Billion to Abandon Offshore Wind Projects

German energy company RWE reached a $1.22 billion settlement with the Trump administration to relinquish offshore wind leases off the coasts of New York, California, and Louisiana. The deal marks the fifth such buyback, bringing the total cost of offshore wind lease terminations to nearly $4 billion.

Aug 6, 20266 sourcesU.S. domestic politics Energy policy Energy transition Renewable energy Climate Policy Trump administration

Trump Administration Pays German Energy Firm RWE $1.22 Billion to Abandon Offshore Wind Projects

Another offshore wind developer exits California in $1.22-billion deal with Trump administration

Part of story

Trump Administration Pays German Energy Firm RWE $1.22 Billion to Abandon Offshore Wind Projects

Other sources for this story

Trump administration reaches $1.2B deal with offshore wind company to end projects

‘Gift to the fossil fuel industry’: RWE ends Northern California offshore wind lease in $1.22B deal with Trump

Trump administration to pay German firm $1.22bn to cut offshore wind leases

Trump administration’s latest buyback of offshore wind leases brings total to nearly $4 billion

US strikes $1.2bn deal to pay German firm to halt offshore wind projects

Featured Stories

OpenAI pauses development of Astra AI model over critical cybersecurity capability concerns