{"id":804828,"date":"2026-08-06T17:34:14","date_gmt":"2026-08-06T17:34:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/804828\/"},"modified":"2026-08-06T17:34:14","modified_gmt":"2026-08-06T17:34:14","slug":"german-offshore-wind-developer-sells-its-humboldt-county-lease-back-to-the-trump-administration-promises-to-develop-natural-gas-in-the-united-states-instead-lost-coast-outpost","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/804828\/","title":{"rendered":"German Offshore Wind Developer Sells its Humboldt County Lease Back to the Trump Administration, Promises to Develop Natural Gas in the United States Instead | Lost Coast Outpost"},"content":{"rendered":"


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A 9.5-megawatt floating wind turbine deployed at the Kincardine Offshore Wind project, located off the coast of Aberdeen, Scotland. Photo: Principle Power<\/p>\n

###<\/p>\n

PREVIOUSLY:\u00a0<\/p>\n

###<\/p>\n

Press release from RWE:<\/p>\n


\nRWE
\nU.S. Offshore has reached a settlement with the U.S. Department of
\nthe Interior to resolve claims against the U.S. government and
\nrelinquish its offshore wind leases off the coasts of New York,
\nCalifornia, and Louisiana. The settlement enables RWE to redeploy its
\ncapital to accelerate value-accretive opportunities that deliver
\nreliable and affordable energy.<\/p>\n


\nRWE
\nU.S. Offshore secured these leases from the U.S. government with a
\nlong-term commitment to develop offshore wind capacity in American
\nwaters and invested more than $1 billion toward the leases and the
\ndevelopment of these projects. These leases provided legal rights to
\ndevelop offshore projects and represented years of planning,
\ninvestment, and partnership with federal agencies.<\/p>\n


\nAfter
\ncareful consideration, it was determined there is no path forward to
\npermit these projects in the U.S. for the foreseeable future. The
\nsettlement resolves RWE U.S. Offshore\u2019s legal claims and provides
\n$1.22 billion in settlement funds. The company determined that this
\nresolution best serves the interests of its stakeholders and allows
\nit to direct resources toward energy projects that can be advanced
\nwith certainty.<\/p>\n


\nRWE
\nAmericas and its affiliates will continue to deploy capital across
\nthe U.S. to meet rapidly growing energy demand, including:<\/p>\n


\n\t
\n\tLNG
\n\tinfrastructure: a financial investment of $900 million to acquire an
\n\tindirect 16% stake in the Louisiana LNG Project. RWE proceeds will
\n\tbe used to fund the construction of the terminal.
\n\t
\n\tNatural
\n\tgas turbine reservations: To support the expansion of its growing
\n\tflexible power generation work in the U.S., RWE Americas has signed
\n\ta $300 million turbine reservation agreement securing future
\n\tgenerating capacity to meet growing U.S. electricity demand. The
\n\tcompany is developing a pipeline of 15 natural gas peaking projects
\n\tacross target markets in the U.S.<\/p>\n


\nThese
\ninvestments will help deliver affordable, reliable energy solutions
\nwhile supporting American jobs, enhancing grid reliability, and
\nstrengthening energy security.<\/p>\n

In
\naddition, RWE Americas has announced plans to invest approximately
\n\u20ac17 billion in the U.S. over the next six years to grow its
\ngeneration capacity from approximately 13 GW across 27 states today
\nto 22 GW by 2031. In 2025 alone, RWE Americas commissioned 2 GW of
\nnew power generation capacity in the United States.<\/p>\n


\nRWE
\nremains focused on growing its offshore activities globally. RWE is
\none of the world\u2019s leading offshore wind developers with 18 offshore
\nwind farms currently in operation, four under construction, and
\nadditional projects in development \u2013 including 6.9 GW of capacity
\nsecured in the UK\u2019s most recent offshore wind auction.<\/p>\n","protected":false},"excerpt":{"rendered":" A 9.5-megawatt floating wind turbine deployed at the Kincardine Offshore Wind project,…\n","protected":false},"author":2,"featured_media":804829,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[23,3,21,19,22,20,25,24],"class_list":["post-804828","post","type-post","status-publish","format-standard","has-post-thumbnail","category-united-states","tag-america","tag-news","tag-united-states","tag-united-states-of-america","tag-unitedstates","tag-unitedstatesofamerica","tag-us","tag-usa"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/804828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=804828"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/804828\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/804829"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=804828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=804828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=804828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}