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EconomyTrump Administration Agrees to $4 Billion in Settlements to Cancel Offshore Wind Projects

The Trump administration has agreed to about $4 billion in settlements this year to terminate planned offshore wind projects in the United States. A deal announced Thursday will pay German utility RWE AG $1.22 billion. Billions of dollars in additional projects remain at risk of cancellation.

Trump administrationoffshore windenergy policy

People in this report Donald Trump

BBloomberg News★★★☆☆2026-08-07 11:00Original

Trump Administration Agrees to $4 Billion in Settlements to Cancel Offshore Wind Projects
Trump Administration Agrees to $4 Billion in Settlements to Cancel Offshore Wind ProjectsEconomy