Trump administration is ending more wind power projects by buying leases
The Trump administration has reached a $1.2 billion settlement with RWE U.S. Offshore to terminate wind power projects, bringing total lease buybacks to nearly $4 billion. The administration is actively discouraging offshore wind development in favor of fossil fuel investments, such as natural gas.
Why it matters
This represents a significant shift in U.S. energy policy, prioritizing traditional fossil fuels over renewable offshore wind infrastructure.
By JENNIFER McDERMOTT Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] Leer en español --> Add AP News on Google Add AP News as your preferred source to see more of our stories on Google. --> Share
An offshore wind company said Thursday that it reached a $1.2 billion settlement with the Trump administration to walk away from projects under development off New York, California and Louisiana. This latest agreement brings the total amount spent on such settlements to nearly $4 billion.
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