US strikes $1.2bn deal to pay German firm to halt offshore wind projects
Overall, the German firm plans to invest approximately €17bn (£14.5bn; $19.6bn) in the US over the next six years "to grow its generation capacity". Interior
Overall, the German firm plans to invest approximately €17bn (£14.5bn; $19.6bn) in the US over the next six years "to grow its generation capacity". Interior Secretary Doug Burgum said in a statement posted on X that Americans deserve an energy system built on common sense and not one dependent on "costly subsidies". "We welcome RWE's agreement and voluntary investment in projects that strengthen our nation's energy security," he added.
The deal is the latest the Trump administration has reached this year as Trump, a vocal supporter of the fossil fuel industry, continues his push to halt offshore wind projects. Trump has sought to boost government support for fossil fuels after campaigning for the presidency under the slogan "drill, baby, drill". Days after his return to office, he said "we're not going to do the wind thing" and called them "big, ugly windmills" that were dangerous to wildlife.
In March 2026, the DoI reached a deal with TotalEnergies putting an end to the French company's offshore wind projects in the US. Instead, the firm agreed to reroute investment to build a LNG plant in Texas and to
develop "upstream conventional oil" in the Gulf of Mexico. The administration signed a similar $129bn (£96bn) agreement with Charlotte-based Duke Energy last month in exchange for the termination of the company's offshore wind lease in the Carolina Long Bay area.
The BriefWire