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

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.