RWE Offshore Wind Lease Cancellation

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.