{"id":730445,"date":"2026-08-07T13:30:09","date_gmt":"2026-08-07T13:30:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/730445\/"},"modified":"2026-08-07T13:30:09","modified_gmt":"2026-08-07T13:30:09","slug":"us-strikes-1-2bn-deal-to-pay-german-firm-to-halt-offshore-wind-projects","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/730445\/","title":{"rendered":"US strikes $1.2bn deal to pay German firm to halt offshore wind projects"},"content":{"rendered":"

Overall, the German firm plans to invest approximately \u20ac17bn (\u00a314.5bn; $19.6bn) in the US over the next six years “to grow its generation capacity”.<\/p>\n

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”. <\/p>\n

“We welcome RWE’s agreement and voluntary investment in projects that strengthen our nation’s energy security,” he added.<\/p>\n

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.<\/p>\n

Trump has sought to boost government support for fossil fuels after campaigning for the presidency under the slogan “drill, baby, drill”.<\/a><\/p>\n

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.<\/p>\n

In March 2026, the DoI reached a deal with TotalEnergies putting an end to the French company’s offshore wind projects in the US.<\/p>\n

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.<\/p>\n

The administration signed a similar $129m (\u00a396m) 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.<\/p>\n","protected":false},"excerpt":{"rendered":"Overall, the German firm plans to invest approximately \u20ac17bn (\u00a314.5bn; $19.6bn) in the US over the next six…\n","protected":false},"author":2,"featured_media":730446,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[84,59,56,54,55],"class_list":["post-730445","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-gb","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/730445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=730445"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/730445\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/730446"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=730445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=730445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=730445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}