Trump pays yet another energy company to give up offshore wind rights

AI Summary

The Trump administration agreed to pay $1.22 billion to RWE U.S. Offshore, a subsidiary of German energy company RWE, to relinquish offshore wind production rights along the US coast. This deal reflects the government's plan to change its approach to offshore wind energy developments.

The Trump administration is paying yet another company more than $1 billion to give up the rights to produce wind off the U.S. coast, the firm announced Thursday. RWE U.S. Offshore, a subsidiary of German energy company RWE, issued a press release saying it will receive $1.22 billion in settlement funds and give up its rights to…