News@lemmy.worldEnglish · 2 days ago

Trump administration to pay German firm $1.2bn to halt US wind projects

www.bbc.com

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Trump administration to pay German firm $1.2bn to halt US wind projects

www.bbc.com

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News@lemmy.worldEnglish · 2 days ago

cross-posted to:
[email protected]

Trump administration to pay German firm to halt US wind projects

www.bbc.com

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

German energy company RWE has said it will abandon its offshore wind projects in the US after reaching a $1.2bn (£892m) payout deal with Donald Trump’s Department of the Interior (DOI).

RWE said that it will now reinvest the sum into conventional gas projects, including $900m (£669m) in a liquefied natural gas (LNG) export terminal project in Louisiana.

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