6 August 2026 at 9:57 pm
Summary
The Trump administration has continued its trend of paying offshore wind developers to cancel projects, with RWE agreeing to a $1.22 billion deal to nix its wind leases off New York, California, and Louisiana. Instead, RWE will invest the money in natural gas, including a 16% stake in Woodside Energy's Louisiana LNG project and $300 million in gas-fired turbines.
Trump Administration to Pay RWE to Cancel Offshore Wind Leases
6 Aug 2026, 11:57 pm · energy
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