US pays German firm RWE $1.2bn to abandon offshore wind projects

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The United States has struck a $1.2 billion agreement with German energy company RWE to halt its offshore wind projects. The deal represents one of several settlements the US government has reached to cancel wind energy developments. Offshore wind power has been a frequent target of criticism from President Donald Trump, who has long opposed the energy source. The payout reflects the administration's broader push to wind down offshore wind activity in American waters.

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