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Trump administration will buy back company's offshore wind leases off 3 states in a $1.2B deal

Americas 3 sources 2 countries 🔦 Under-reported 44m ago

The Trump administration has reached a $1.2 billion agreement with RWE U.S. Offshore to buy back the company's offshore wind leases. Announced on Thursday, the deal involves walking away from wind energy projects currently under development off the coasts of New York, California, and Louisiana.

According to the company, the leases represented years of extensive planning and investment prior to this buyout agreement.

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Read the full story at the source WTOP News - Washington DC (Washington DC, US) · US
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