Trump Administration Pays Billions to Cancel Offshore Wind Projects
The Trump administration has reached a $1.2 billion deal with a German firm to abandon offshore wind projects, bringing the total spent on canceling US offshore wind leases to nearly $4 billion. This move aims to halt further development of wind energy projects.
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Trump Refunds $4 Billion to Cancel US Offshore Wind Projects
The Trump administration has agreed to roughly $4 billion in settlements this year to cancel planned offshore wind projects, including a $1.22 billion deal with German utility RWE AG announced Thursday, with billions more in projects still at risk.
By Mark Chediak and Ari Natter
Read full article →Trump Administration to Pay RWE to Cancel Wind Leases
It was the fifth such deal struck by the administration to get companies to drop offshore wind projects.
By Brad Plumer
Read full article →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 The German energy company RWE has reached a $1.22bn deal with the US government to relinquish its offshore wind leases and instead redirect funds towards fossil fuel investments. The agreement marks the fifth deal the Donald Trump administration has struck with energy companies, offering payouts in exchange for abandoning renewable energy projects and redirecting investment towards...
By Maya Yang
Read full article →Trump administration reaches $1.2B deal with offshore wind company to abandon projects
The latest agreement brings the total amount spent on similar settlements to nearly $4 billion
By Jennifer McDermott
Read full article →Trump administration's latest buyback of offshore wind leases brings total to nearly $4 billion
Trump administration's latest buyback of offshore wind leases brings total to nearly $4 billion
Read full article →Trump administration pays German firm $1.2bn to kill US wind energy project
By Jennifer McDermott
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