US strikes $1.2bn deal to pay German firm to halt offshore wind projects
German energy giant RWE reached a $1.22 billion settlement with the U.S. Department of the Interior on Thursday, August 6, agreeing to cancel three offshore wind leases in U.S. waters. The deal marks the Trump administration’s fifth and largest offshore wind cancellation this year, shifting corporate investments toward natural gas and LNG projects. RWE Agrees … Read more