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Trump administration has spent nearly $4B to cancel offshore wind farms

3 sources covered this ⚠ Left-only compare →
The New York Times frames the story as “Trump Administration to Pay RWE to Cancel Wind Leases,” foregrounding the single‑company payment and implying policy criticism. The Guardian emphasizes that the agreement is the “fifth deal” the team…
Tim De Chant· ·2 min read · 0 reactions · 0 comments · 3 views
Trump administration has spent nearly $4B to cancel offshore wind farms
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In Brief Posted: 8:11 AM PDT · August 7, 2026 Image Credits:Scott Eisen / Getty Images Tim De Chant Trump administration has spent nearly $4B to cancel offshore wind farms The Trump administration is paying another $1.2 billion to cancel an offshore wind lease, this time to German utility RWE. The energy company said in an announcement that the wind farms would have been built off the coasts of California, Louisiana, and New York. Instead, RWE will spend $900 million to buy a small stake in a Louisiana liquid natural gas export terminal.

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TechCrunch · Tim De Chant
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Original publisherTechCrunch
Canonical URLhttps://techcrunch.com/2026/08/07/trump-administration-has-spent-nearly-4b-to-cancel-offshore-wind-farms/
Publication timeFri, 07 Aug 2026 15:11:03 +0000
Retrieval time2026-08-07T15:15:42.832Z
Last seen2026-08-07T15:15:42.832Z
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ClusterBqMa4PbVIoCW · 3 stories
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Opening excerpt (first ~120 words) tap to expand

In Brief Posted: 8:11 AM PDT · August 7, 2026 Image Credits:Scott Eisen / Getty Images Tim De Chant Trump administration has spent nearly $4B to cancel offshore wind farms The Trump administration is paying another $1.2 billion to cancel an offshore wind lease, this time to German utility RWE. The energy company said in an announcement that the wind farms would have been built off the coasts of California, Louisiana, and New York. Instead, RWE will spend $900 million to buy a small stake in a Louisiana liquid natural gas export terminal. The New York wind farm would have generated more than 3 gigawatts, according to Heatmap News. The remaining $300 million will go toward buying natural gas turbines to power 15 peaking power plants around the country.

Excerpt limited to ~120 words for fair-use compliance. The full article is at TechCrunch.

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