3 articles from The Guardian, Los Angeles Times, Euronews.
The Trump administration has agreed to pay German energy company RWE $1.22 billion to relinquish offshore wind leases in the United States, with the company abandoning projects off the coasts of New York, Louisiana, and Northern California. This deal is the fifth agreement the Trump administration has made with energy companies offering payouts to abandon renewable energy projects. RWE will redirect the funds toward fossil fuel development instead, as Trump, a long-time critic of wind energy, continues efforts to curtail offshore wind expansion.
AI-generated summary of 3 source articles. Not original reporting — every claim links to its source below.
Agreement with RWE is fifth deal Trump team has made with energy companies, offering payouts to give up projects The German energy company RWE has reached a $1.22bn deal with the US government to relinquish its offshore wind leases and instead redirect funds towards fossil fuel…
German energy giant RWE said it will abandon wind leases off the coast of New York, Louisiana and Northern California near Humboldt, further challenging the Golden State's clean energy ambitions.
US President Donald Trump, long a critic of wind energy, has repeatedly dismissed wind turbines as unsightly and has labelled them an "economic and environmental disaster."
