Trump Administration Will Pay $1.2 Billion To Cancel More Offshore Wind Projects, Calling It 'Common Sense'

German energy company RWE decided "there is no path forward to permit these projects in the U.S. for the foreseeable future."

The U.S. Department of the Interior will pay a German company $1.22 billion to abandon wind power projects and redirect money toward fossil fuels.

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

The RWE payout is the latest in a string of deals cancelling wind energy projects, a power source long derided by Trump.

As one key Democratic member of Congress summarized, “It is hard to imagine a more backwards use of taxpayer money.”

President Donald Trump, who often talks about his hatred of wind power, has said his goal is to not let any “windmills” be built.

Nation.Cymru staff The new Welsh Government has given the go-ahead to its first major offshore wind project, with around 2,000 jobs expected to be created during construction. The Llŷr Wind Farm, planned for the Celtic Sea off the Pembrokeshire coast, has been granted Section 36 consent by Cabinet Minister for Enterpri

The latest agreement brings the total amount spent on similar settlements to nearly $4 billion

A federal judge has ordered the Pentagon to end its freeze on reviewing onshore wind projects, marking yet another crushing court loss for the Trump administration in its efforts to block the development of wind power. Judge Karin Immergut of the U.S. District Court for the District of Oregon, who was nominated by Pres

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

The Trump administration is paying yet another company more than $1 billion to give up the rights to produce wind off the U.S. coast, the firm announced Thursday. RWE U.S. Offshore, a subsidiary of German energy company RWE, issued a press release saying it will receive $1.22 billion in settlement funds and give up its

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