RWE has become the latest offshore wind developer to reach a settlement with the Trump administration, agreeing to relinquish its U.S. offshore wind leases in exchange for a $1.22 billion settlement while redirecting investment toward LNG and natural gas generation. The agreement between RWE U.S. Offshore and the U.S. Department of the Interior covers offshore wind lease areas in the New York Bight, offshore California and offshore Louisiana. Under the settlement, RWE will receive $1.22 billion to resolve its legal claims against the U.S. government and surrender the leases. The agreement marks the latest in a growing series of negotiated settlements between the Trump administration and offshore wind developers. Similar agreements have also been reached with Invenergy, TotalEnergies, Bluepoint Wind and Golden State Wind as the administration continues to unwind offshore wind leasing through negotiated settlements rather than lengthy litigation.