
Washington Pays RWE $1.22 Billion to Cancel US Offshore Wind Leases
Washington will pay German energy firm RWE $1.22 billion to cancel its offshore wind leases off the US coasts, as the company shifts its investments toward natural gas projects.

Washington will pay German energy firm RWE $1.22 billion to cancel its offshore wind leases off the US coasts, as the company shifts its investments toward natural gas projects.

The US will pay $1.22 billion to RWE to relinquish its offshore wind leases off the coasts of New York, California, and Louisiana, with RWE investing in US natural gas projects instead.
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