Trump administration spends $4B to cancel 12 offshore wind leases

The Trump administration has persuaded developers to abandon 12 offshore wind leases through negotiations that will cost U.S. taxpayers approximately $4 billion in total.

First covered Aug 6, 2026 · 11:20 AM PT · 5 articles · no longer in the live window

Trump administration spends $4B to cancel 12 offshore wind leases — Image via techcrunch.com

Coverage

50d TechCrunch Climate Trump administration has spent nearly $4B to cancel offshore wind farms — The Trump administration has now convinced developers to abandon 12 offshore wind leases. The latest will cost taxpayers $1.2 billion.

51d 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…

51d 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

51d 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,…

51d 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

americas.rwe.com 2026 08 06 Rwe Us Offshore Reaches Settlement Agreement (americas.rwe.com)

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

Discussion

HN: 11 pts0 comments Hacker News · 51d ago Trump administration to pay German firm $1.22B to cut offshore wind leases · 10 pts2 comments Hacker News · 50d ago Trump administration has spent nearly $4B to cancel offshore wind farms

Reddit: r/energy0↑ r/energy · 50d ago · 0 comments Trump administration to pay German firm $1.22bn to cut offshore wind leases

Appeared in: 2026-08-06 (#1) · 2026-08-07 (#1) · 2026-08-08 (#1) · 2026-08-09 (#3) · 2026-08-10 (#20)

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