Trump Administration to Pay RWE $1.22 Billion to Cancel Offshore Wind Leases

The Trump administration has agreed to pay German energy company RWE $1.22 billion (€1.06 billion) to relinquish its US offshore wind leases. The deal is the fifth such agreement the administration has made with energy companies, with funds redirected toward fossil fuel investments. President Donald Trump has been a vocal critic of wind energy, calling turbines an economic and environmental disaster.

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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."

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Euronews 4h ago

Trump administration to pay €1.06 billion to cancel RWE offshore wind leases

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."

Guardian 6h ago

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

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 investments. The agreement marks the fifth deal the Donald Trump administration has struck with energy companies , offering payouts in excha…

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