Hacker News·4 min read·medium
US strikes $1.2B deal to pay German firm to halt offshore wind projects
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✦AI Summary
German energy firm RWE has agreed to a $1.2 billion payout to abandon offshore wind projects in the US. The company plans to reinvest these funds into conventional gas and LNG export projects, aligning with the Trump administration's fossil-fuel-focused energy policy.
Share Save Add as preferred on Google Rorey Bosotti Getty Images German energy company RWE has said it will abandon its offshore wind projects in the US after reaching a $1.2bn (£892m) payout deal with President Donald Trump's Department of the Interior (DoI).
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