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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.

Coverage from 3 publishers 3 source reports
EuronewsGuardianBBC
Trump administration to pay German firm $1.2bn to halt US wind projects BBC News – Science & Environment
Update summary

What changed in this update

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

Source coverage

Source reports

World
Euronews

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."

Lead source Read at Euronews
Trump administration to pay German firm $1.2bn to halt US wind projectsBBC News – Science & Environment
BBC

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.

Supporting source Read at BBC
World
Guardian

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…

Supporting source Read at Guardian
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