Trump Administration to Pay RWE $1.2 Billion to Cancel Offshore Wind Leases

The Trump administration has agreed to pay German energy company RWE about $1.2 billion to relinquish its US offshore wind leases. The deal is the fifth such payout the administration has made to energy companies to abandon wind projects, with RWE reportedly redirecting funds toward fossil fuel investments. President Donald Trump has long criticized wind turbines as unsightly and economically harmful.

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Trump administration to pay German firm $1.2bn to halt US wind projects

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The RWE payout is the latest in a string of deals cancelling wind energy projects, a power source long derided by Trump.

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Euronews Published 6 August 2026

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."

BBC Published 7 August 2026

Trump administration to pay German firm $1.2bn to halt US wind projects

The RWE payout is the latest in a string of deals cancelling wind energy projects, a power source long derided by Trump.

Guardian Published 6 August 2026

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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