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

The Trump administration has agreed to pay German firm RWE $1.22 billion to abandon offshore wind leases in New York, California, and Louisiana. This controversial deal shifts focus towards fossil fuel investments, raising taxpayer spending...

The Guardian· Aug 7, 2026 · 7:31 AM · 1 views

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The Trump administration has agreed to pay German firm RWE $1.22 billion to abandon offshore wind leases in New York, California, and Louisiana. This controversial deal shifts focus towards fossil fuel investments, raising taxpayer spending on wind project cancellations to nearly $4 billion.

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Originally reported by The Guardian. Read the full story →

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