Trump administration has spent nearly $4B to cancel offshore wind farms

The Trump administration has now convinced developers to abandon 12 offshore wind leases. The latest will cost taxpayers $1.2 billion.

US President Donald Trump, long a critic of wind energy, has repeatedly dismissed wind turbines as unsightly and has labelled them an "economic and environmental disaster."

Trump administration's latest buyback of offshore wind leases brings total to nearly $4 billion

Trump administration’s latest buyback of offshore wind leases brings total to nearly $4 billion  AP News

Agreement with RWE is fifth deal Trump team has made with energy companies, offering payouts to give up projects The 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 fift

An offshore wind company says it's reached a $1.2 billion settlement with the Trump administration to walk away from projects under development off New York, California and Louisiana

It was the fifth such deal struck by the administration to get companies to drop offshore wind projects.

RWE, Trump administration reach $1.22 billion agreement to cancel offshore wind leases  Reuters