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 Trump’s Department of the Interior (DoI). “We welcome RWE’s agreement and voluntary investment in projects that strengthen our nation’s energy security,” he added. The deal is the latest the Trump administration has reached this year as Trump, a vocal supporter of the fossil fuel industry, continues his push to halt offshore wind projects. In March 2026, the DoI reached a deal with TotalEnergies putting an end to the French company’s offshore wind projects in the US. The administration signed a similar $129m (£96m) agreement with Charlotte-based Duke Energy last month in exchange for the termination of the company’s offshore wind lease in the Carolina Long Bay area.