An offshore wind company says it's reached a $1.2 billion deal with the Trump administration to walk away from projects under development off New York, California and Louisiana.

RWE U.S. Offshore reaches settlement agreement with U.S. Department of Interior on offshore wind leases

RWE struck a $1.22 billion deal to cancel US offshore wind leases and invest in gas, joining a wave of buyouts totaling over $2.5 billion.