The Trump administration has now convinced developers to abandon 12 offshore wind leases. The latest will cost taxpayers $1.2 billion.

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.

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.