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Trump administration to pay RWE $1.22bn to cut offshore wind leases

Friday, August 7 2026

US Government

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.

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Filed Under: International projects, RWE, Trump, USA, wind leasing Tagged With: payout, RWE, Trump, USA, wind leases

Trump suspends new federal offshore wind leasing

Tuesday, January 21 2025

Politics – Trump

U.S. President Donald Trump in his first day of office on Monday suspended new federal offshore wind leasing pending an environmental and economic review, saying wind mills are ugly, expensive and harm wildlife.

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Filed Under: International projects, Politics, suspension, Trump, USA, wind energy, wind leasing Tagged With: Politics, suspension, Trump, USA, wind leasing

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