Trump administration pays RWE $1.2B to abandon offshore wind leases

The German energy developer's deal is the fifth such payout by the Trump administration, bringing total buyouts of offshore wind projects to $3.93 billion as the administration systematically cancels renewable energy development.

First covered Aug 6, 2026 · 11:20 AM PT · 4 articles

Trump administration pays RWE $1.2B to abandon offshore wind leases — Image via theguardian.com

Coverage

1h CleanTechnica Donald Trump Pays Off 5th Energy Company in Attack on Renewable Energy — Washington, D.C. — Today, energy company RWE announced a deal with the Trump administration in which the administration will pay the company $1.22 billion in…

2h Heatmap News Another $1.2 Billion to Not Build Wind Farms — This is an edition of Heatmap Daily, an evening review of the day’s news written by our executive editor

2h Electrek Another day, another illegal billion-dollar bribe to raise your electricity prices — The Interior Department has made another illegal agreement with a gas company to drop development of cheap and clean offshore wind and instead focus on dirty,…

5h Guardian Environment Trump administration to pay German firm $1.22bn to cut offshore wind leases — 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…

Primary sources

rwe.com RWE U.S. Offshore reaches settlement agreement with U.S. Department of Interior on offshore wind leases — cited by 2 of the outlets above

reuters.com Rwe Says Reached 122 Bln Deal Cancel Us Offshore Wind Leases Invest Gas 2026 08 06 (reuters.com) — cited by 2 of the outlets above

ag.ny.gov Attorney General James and Governor Hochul Announce Lawsuit Challenging Unlawful Trump Administration Wind Deal

Related coverage

6h Canary Media Why Trump’s claim that offshore wind is a security risk is ‘ludicrous’

More coverage from around the web

wcax.com Trump administration will buy back company’s offshore wind leases off 3 states in a $1.2B deal

wboc.com Trump administration will buy back company's offshore wind leases off 3 states in a $1.2B deal | National News | wboc.com

adn.com Trump administration will buy back company’s offshore wind leases off 3 states in a $1.2B deal - Anchorage Daily News

clickondetroit.com Trump administration's latest buyback of offshore wind leases brings total to nearly $4 billion

bangordailynews.com Trump administration will buy back company's offshore wind leases off 3 states in a $1.2B deal

Appeared in: 2026-08-06 (#1) · 2026-08-07 (#1)

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