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Trump administration will buy back company’s offshore wind leases off 3 states in a $1.2B deal
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104.1 KSGF
President Donald Trump, who often talks about his hatred of wind power, has said his goal is to not let any “windmills” be built.
The Republican administration has been buying back offshore wind leases from energy companies as it seeks to discourage the expansion of wind energy in favor of fossil fuels.
RWE announced it is investing $900 million in a liquified natural gas project in Louisiana and spending $300 million on natural gas turbines.
The administration adopted this strategy after federal courts thwarted Trump’s efforts to stop offshore wind development through executive action.
States that are losing offshore wind energy are suing.