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Morning Edition · Friday, August 7, 2026Published at 10:43 AM EDT · New York
US Pays RWE $1.22 Billion to Cancel Offshore Wind Leases, Redirect Capital to Gas
The German utility will spend $900 million for a stake in a Louisiana liquefied-natural-gas project and $300 million on turbines for gas-fired peaker plants, the fifth such federal buyout this year.
The Trump administration reached a $1.22 billion agreement with the German energy company RWE on August 6 under which RWE surrenders offshore wind leases off New York, New Jersey, northern California, and Louisiana, according to the BBC, Eu…
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