US strikes $1.2B deal to pay German firm to halt offshore wind projects

Article URL: https://www.bbc.com/news/articles/c1e1vg0gjl5o
Comments URL: https://news.ycombinator.com/item?id=49208314
Points: 18
# Comments: 1
- • The Trump administration paid German firm RWE $1.2 billion to cancel offshore wind projects in New York, California, and Louisiana.
- • The settlement redirects $900 million toward a Louisiana LNG project and $300 million toward natural gas turbine agreements.
- • This marks the fifth such arrangement this year, contributing to nearly $4 billion in total taxpayer costs for wind buybacks.
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