Trump administration to pay German firm $1.22bn to cut offshore wind leases
The Trump administration has reached a $1.22 billion settlement with German energy firm RWE to cancel offshore wind projects. The funds are intended to be redirected toward fossil fuel investments, marking a significant shift in energy policy.
Wind turbines, including some from RWE's new Kaskasi offshore windfarm, are pictured north of Helgoland, Germany, in 2023. Wind turbines, including some from RWE's new Kaskasi offshore windfarm, are pictured north of Helgoland, Germany, in 2023. Trump administration 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
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