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."
The Trump administration has agreed to pay RWE U.S. Offshore $1.22 billion to cancel its offshore wind leases. According to The Hill, this brings the total amount spent on such agreements to roughly $3.9 billion.
RWE U.S. Offshore, a subsidiary of the German energy company RWE, had been developing wind power projects off the coasts of New York, California, and Louisiana. However, the company announced that it had determined there was no path forward to permit the projects for the foreseeable future.
President Donald Trump has been critical of wind energy, describing wind turbines as unsightly and labelling them an economic and environmental disaster. Following this deal, RWE announced it is investing $900 million in a liquified natural gas project in Louisiana and spending $300 million on natural gas turbines, and is developing 15 natural gas peaking projects across the United States.
Brief written by urgent.news from Euronews, The Hill, Associated Press — 3 reports on this story. Machine-written — it may contain errors, so check the original before relying on it.
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