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.

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.

RWE joins multiple other offshore wind developers in consenting to the Trump buyout package that will see it commit billions in new gas