US strikes $1.2bn deal to pay German firm to halt offshore wind projects
- RWE will abandon US offshore wind projects for a $1.2bn government payout.
- Much of the money will be redirected into a Louisiana LNG project.
- The deal advances Trump’s push towards fossil fuels.
The US Department of the Interior has agreed to pay German energy company RWE $1.2bn (£892m) to abandon several offshore wind projects in American waters. The deal reflects the Trump administration’s wider effort to stop offshore wind development and redirect energy investment towards fossil fuels, particularly gas and…