The Guardian World· World
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 projectsThe 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
Published Thursday, 6 August 2026 at 18:20
Agreement with RWE is fifth deal Trump team has made with energy companies, offering payouts to give up projectsThe 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 fossil fuels. Continue reading...
This is a syndicated summary. Read the full story at the original publisher:
Read on The Guardian World →