The Trump administration has allocated nearly $4 billion to cancel offshore wind projects, including a recent $1.2 billion payout to German utility RWE for lease termination.
The New York wind farm was expected to generate over 3 gigawatts of power, according to Heatmap News.
However, instead of these projects, RWE will now invest the remaining $300 million in natural gas turbines for 15 peaking power plants across the US.
These peaking power plants are among the most expensive and polluting natural gas facilities to operate.
The Trump administration has already paid a whopping $3.93 billion for 12 leases it has convinced developers to abandon so far.
Trump administration has spent nearly $4B to cancel offshore wind farms | TechCrunch
Trump continues paying to cancel offshore wind projects with $1.22B RWE deal to ax its wind leases and invest in Louisiana LNG | Fortune
RWE to scrap offshore wind projects in deal with Trump admin
Trump administration to pay German firm $1.22bn to cut offshore wind leases
Washington to pay €1.06 billion to cancel RWE offshore wind leases
RWE reaches $1.22 billion deal to cancel US offshore wind leases and invest in gas
Trump administration will buy back company’s offshore wind leases off 3 states in a $1.2B deal
Trump hates offshore wind so much that he's using taxpayer money for billion-dollar settlements to kill projects | Fortune
Trump administration's latest buyback of offshore wind leases brings total to nearly $4 billion
US Declared An Energy Emergency. Then Paid $4 Billion For Less Energy
The Trump administration has now convinced developers to abandon 12 offshore wind leases. The latest will cost taxpayers $1.2…
The Trump administration has agreed to pay more than $3 billion to cancel offshore wind projects since March.
The administration has spent nearly $4 billion to stifle wind development, delivering on Trump’s promise to block any new wind…
This strategy by the Republican administration aims to impede offshore wind farm development
These buyout agreements have so far killed nine future wind farms on the East and West coasts to the tune of $2.7 billion.
Agreement with RWE is fifth deal Trump team has made with energy companies, offering payouts to give up projects
