German energy giant RWE is abandoning several planned offshore wind projects in the United States after reaching a $1.22-billion settlement with the administration of President Donald Trump, the company said on Thursday. RWE said it had invested more than $1 billion in securing the leases and developing the projects. RWE now plans to redirect investment towards liquefied natural gas infrastructure and other gas projects in the United States. Trump is a vocal opponent of wind power and favours electricity generated from coal. An Interior Department spokesman added that offshore wind energy remained heavily dependent on foreign supply chains.