Trump Administration to Pay €1.06 Billion to Cancel RWE Offshore Wind Leases
The US will pay RWE $1.22 billion (€1.06 billion) to settle with the Interior Department and allow the company to cancel offshore wind leases off New York, California and Louisiana. RWE said there is no path forward to permit the projects in the foreseeable future. RWE Americas also plans about €17 billion in US investment to expand generation over the next six years.