Published on
06/08/2026 - 22:02 GMT+2
Washington will fork out $1.22 billion (€1.06 billion) to German energy firm RWE to cancel the company's offshore wind leases.
RWE said on Thursday that it had reached a settlement with the US Department of the Interior (DOI) to relinquish leases off the coasts of New York, California, and Louisiana.
"After careful consideration, it was determined there is no path forward to permit these projects in the U.S. for the foreseeable future," the company said in a statement.
