Trump administration to pay German firm $1.2bn to halt US wind projects
Trump administration to pay German firm $1.2bn to halt US wind projects
www.bbc.com
Trump administration to pay German firm to halt US wind projects
The RWE payout is the latest in a string of deals cancelling wind energy projects, a power source long derided by Trump.
German energy company RWE has said it will abandon its offshore wind projects in the US after reaching a $1.2bn (£892m) payout deal with Donald Trump's Department of the Interior (DOI).
RWE said that it will now reinvest the sum into conventional gas projects, including $900m (£669m) in a liquefied natural gas (LNG) export terminal project in Louisiana.