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US strikes $1.2bn deal to pay German firm to halt offshore wind projects

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 President Donald Trumps 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 [...] The post US strikes $1.2bn deal to pay German firm to halt offshore wind projects appeared first on Kahawatungu.

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