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Trump Administration To Pay German Firm $1.2 Billion To Halt US Wind Projects (bbc.com) 280

An anonymous reader quotes a report from the BBC: German energy company RWE has said it will abandon its offshore wind projects in the U.S. after reaching a $1.2 billion payout deal with President Donald Trump's Department of the Interior (DoI). RWE said that it will now reinvest the sum into conventional gas projects, including $900 million in a liquefied natural gas (LNG) export terminal project in Louisiana. "After careful consideration, it was determined there is no path forward to permit these projects in the US for the foreseeable future," the company said in a statement.

RWE said it has agreed to relinquish its leases off the California and Louisiana coasts as well as in the New York Bight. Overall, the German firm plans to invest approximately $19.6 billion in the U.S. over the next six years "to grow its generation capacity." Interior Secretary Doug Burgum said in a statement posted on X that Americans deserve an energy system built on common sense and not one dependent on "costly subsidies." "We welcome RWE's agreement and voluntary investment in projects that strengthen our nation's energy security," he added.
Earlier this year, the DOL reached a deal with TotalEnergies putting an end to the French company's offshore wind projects in the U.S. "Instead, the firm agreed to reroute investment to build a LNG plant in Texas and to develop 'upstream conventional oil' in the Gulf of Mexico," reports the BBC.

Another similar deal was signed with Charlotte-based Duke Energy last month to terminate the company's offshore wind lease in the Carolina Long Bay area.
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Trump Administration To Pay German Firm $1.2 Billion To Halt US Wind Projects

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  • by jenningsthecat ( 1525947 ) on Friday August 07, 2026 @11:40PM (#66278480)

    ... the German firm plans to invest approximately $19.6 billion in the U.S. over the next six years "to grow its generation capacity."

    The US is sufficiently unstable that I would be very hesitant to invest large sums of money there. I realize that server farms built largely to service the AI bubble need LOTS of power. But even if the demand isn't a bubble, do you really want to be investing in a country which is making an enemy of pretty much all of the rest of the world?

    I think America is on very shaky ground now, and may not be nearly as far from "failed state" status as many people imagine it is.

    • by Morromist ( 1207276 ) on Saturday August 08, 2026 @12:51AM (#66278530)

      I'm an american and I keep looking for good ways to invest outside of this kleptocracy.

    • by frenchgates ( 531731 ) on Saturday August 08, 2026 @07:38AM (#66278744)
      I like you "parts car" metaphor, but I prefer this one: When a whale dies it sinks to the ocean floor and creates a massive feeding opportunity, called a "whale fall." The collapse of the Soviet Union created the biggest whale-fall in the 20th Century. Putin and treasonous American oligarchs, along with the Republicans, are trying to repeat it with the USA.
    • by shilly ( 142940 )

      It is standard practice now for companies to say they will invest in the US. The gap between what they say and what they do is vast, because this serves their interests:
      - saying big things makes Trump satisfied
      - doing things involves investing in the US, which is obviously dumb
      The risk of the gap being noticed by the admin is very low, so it’s the sane strategy

  • FOR MAGA ONLY (Score:5, Interesting)

    by zeiche ( 81782 ) on Friday August 07, 2026 @11:47PM (#66278482)

    how, exactly, is spending over a billion dollars to halt a renewable energy project (literally free electricity after the project is paid up minus a little bit of maintenance) Making America Great Again? are you really concerned about the birds? really? what is the reason? do you even have one? or is this just “follow the leader” ? this is a legitimate question. i really want to know.

    • Re:FOR MAGA ONLY (Score:5, Insightful)

      by Anonymous Coward on Friday August 07, 2026 @11:52PM (#66278486)

      Give away a Billion dollars in taxpayer's money so he can pocket $100 Million in fossil fuel kick backs? He literally doesn't see a problem with this.

      • Re:FOR MAGA ONLY (Score:5, Insightful)

        by ArchieBunker ( 132337 ) on Saturday August 08, 2026 @12:57AM (#66278532)

        Neither do any of the cult followers.

        • Re: (Score:2, Interesting)

          by Anonymous Coward

          His followers ie his administration lackeys now give full standing ovations when he enters or leaves the room. One the other day lasted 5 mins on TV, and there was lutnick, rubio etc all constantly clapping after someone has given Trump a shiny bit of gold as a praise present, the only thing now missing is the hand waving and chanting of this cronies. His claim to be the most transparent administration EVER, along his how Dr Trump is healing everyone with his money swindling and his MAGA cronies go "Let buy

    • how, exactly, is spending over a billion dollars to halt a renewable energy project (literally free electricity after the project is paid up minus a little bit of maintenance)

      Maintenance is not a minor cost. Especially so at sea. I have a local land based wind project that has been idle for many years. It was more costly than expected, including maintenance costs. It turns out the hardware did not have the expected longevity and reliability. And this is in a very pro-renewables state, California. If it could have been make viable it probably would have been. Other projects in the state have been commercially successful, and they too have significant ongoing maintenance costs.

      • Other projects in the state have been commercially successful, and they too have significant ongoing maintenance costs.

        Yes, when the fuel is free, maintenance is going to be the dominant cost. That's not a bad thing, that just shows that the other costs are very very low. It's not nearly as large a cost as with nuclear, though, because when things go wrong they are not nearly as catastrophic so the safety standards don't need to be nearly as tight.

        To answer the billion dollar question, its probably that allowing the project to proceed would end up costing the gov’t more than a billion.

        Sure, but it would also have given much more than a billion dollars in tax returns on the electricity generated. The profits of course would be massively more than that. That's ho

        • by drnb ( 2434720 )

          Other projects in the state have been commercially successful, and they too have significant ongoing maintenance costs.

          Yes, when the fuel is free, maintenance is going to be the dominant cost. That's not a bad thing, that just shows that the other costs are very very low.

          Other costs are not low. They just may not be ongoing like maintenance. Yet the projects still has to be profitable enough to recover those costs too.

          It's not nearly as large a cost as with nuclear, though, because when things go wrong they are not nearly as catastrophic so the safety standards don't need to be nearly as tight.

          The US nuclear industry has released less radioactivity than the coal industry. Staying away from Soviet designs is one of the key safety measures. And newer generation reactors are even safer. And some of them can help address nuclear waste by consuming some waste as fuel. Also nuclear costs have been inflated by lawsuits, and renewables are increasing facing

          • Also nuclear costs have been inflated by lawsuits, and renewables are increasing facing the same problem. NIMBY attacks renewables too.

            Not nearly as much as they have been reduced by the fact that the nuclear industry does not have to either a) get full insurance for the actual risks they are taking or b) cover the long term cost of maintaining (that word again) storage for their spent fuel.

            It's precisely because the nuclear industry won't actually accept the risks from their own systems that it's absolutely correct that they should be subject to the onerous regulation and risk limitation that you are complaining about.

      • If maintenance is the concern, how do you justify spending millions to remove climate monitoring systems from the ocean, when they could just stop maintaining them for free?
        • by drnb ( 2434720 )

          If maintenance is the concern, how do you justify spending millions to remove climate monitoring systems from the ocean, when they could just stop maintaining them for free?

          Trash removal? Will the abandoned equipment be leaking anything over time? Also projects are sometimes required to restore the land (sea?) to its natural state when the project ends.

    • This has nothing to do with rationality.
      Wind turbines have long been a hate object for Trump.
      He has claimed that they cause cancer and that they ruin the environment, etc.

      Meanwhile, despite being an intermittent source of energy, wind power in 2026
      is used in 138 countries and capacity increased by 40% worldwide last year.
    • how, exactly, is spending over a billion dollars to halt a renewable energy project ...Making America Great Again? ...

      Maybe it's to Make Germany Great Again? /s
      I'm sure that would track with this administration (*cough* Stephen Miller *cough*) and its supporters...

    • Re:FOR MAGA ONLY (Score:5, Insightful)

      by jacks smirking reven ( 909048 ) on Saturday August 08, 2026 @10:18AM (#66278870)

      Everyone trying to answer this with technical responses is just dead wrong, sorry.

      The explanation is simple: Republicans have been claiming "climate change not real" for 40+ years now and in that timespan the actual evidence keeps stacking up against that, it was already stacked up in the 90's.

      So what's a political party to do when faced with overwhelming reality? Change course in light of new evidence? No, make your new reality with force.

      That's all this is, a continued denial of reality because Republican politicians and voters would rather die than have to admit the libs were right about this, because after all if they were right about this what else could they be right about?

      The same reason you see folks here whip out the same tired arguments about wind and solar power we've been hearing for 30 years.

    • by cusco ( 717999 )

      The supposed justification is "national security", apparently US radar systems are so deficient that "the enemy" (whoever it is today) could sneak their ships/aircraft/missiles close to the coast just by staying behind the windmills. At least that's their claim. Everyone involved knows it's pure bovine byproduct of course, including the ones making the claims.

    • It was an offshore wind plant ...

      Against popular believe, birds are neither blind nor stupid:

      Scientific Findings on Collision Rates
      * German BWO Study: An 18-month analysis tracking over 4 million bird movements at a northern German wind farm found that more than 99.8% of birds avoided the structures during both day and night, showing no spike in risk during heavy migration periods.
      * Vattenfall & Spoor Research: A 19-month project at an offshore site tracking thousands of individual flight paths recorded

      • by djinn6 ( 1868030 )

        Well, I wouldn't say they are that smart. But natural selection will fix the problem regardless.

        • Natural selection does not fix stuff like that.
          The birds dying in a wind turbine would need something that gets weeded out.
          And the birds not dying would need to not have that, or have something else that helps them.

    • I think Maga will say windmills are bad for the environment. Those mills slaughter poor birds and when they are too old they cannot be recycled. The entire country side will be covered in windmill blades! Clean coal on the other hand does not have these drawbacks. Don't start about global warming, because it is obviously fake!
      Something like that. Very convenient and soothing little bubble.
  • by fredrated ( 639554 ) on Friday August 07, 2026 @11:54PM (#66278488) Journal

    is evil.

  • by 93 Escort Wagon ( 326346 ) on Saturday August 08, 2026 @12:08AM (#66278496)

    Americans deserve an energy system built on common sense and not one dependent on "costly subsidies."

    Costly subsidies... like $1.2 billion?

    • Think of the entire Iran war, probably at a cost of several trillion dollars in the end, as a subsidy for fossil fuels. Which is what it is. You'll see that paying $1.2 billion to try to get rid of the competition that the fossil fuel companies can't deal with otherwise is a really really small subsidy.

      • by shilly ( 142940 )

        The Iran war is worse than that. It was intended to be a subsidy to cut the nominal costs of fossil fuels in the US. Instead, it’s a subsidy for Trump insider traders to make money out of the vast increase in the costs of fossil fuels that have followed the interdiction and destruction of fossil fuel assets and supplies, and to pay for the Iranian theocracy.

      • The Iran war is not a war on Iran, it is a war on the biggest oil importer of the planet, which used get ~50% of its oil through the Strait of Hormus: China

        Also the rest of SE Asia got crippled by Irans blockade, or USA's war on Iran.

        The silly circumstances are that historically countries like Thailand are considered "self sufficient" regarding oil (same for Niger), however they can not produce the fuel they need themselves. So they export their raw oil and import - for a significant higher price - the fuel

  • by ishmaelflood ( 643277 ) on Saturday August 08, 2026 @12:18AM (#66278500)

    RWE initially paid a total of approximately $1.26 billion for its U.S. offshore wind leases—$1.1 billion for its New York Bight lease in 2022 plus $163 million combined for California and Louisiana leases—before striking a $1.22 billion exit settlement with the U.S. government in August 2026 to relinquish them

    So put your pearls down, this just resets the clock. Or whina nad stamp your feet. No skin off my nose.

  • by haruchai ( 17472 ) on Saturday August 08, 2026 @01:18AM (#66278544)

    Cancellation payouts so far this year for wind projects and lease terminations:
    $1.2B to RWE AG
    $928M to TotalEnergies SE
    $900M to Golden State and Bluepoint
    $765M to Invenergy

    These deals of course were made very strongly,
    Could Sleepy Joe have done this?
    Of course not.

  • He adjusts everything till it matches his plans. And I guess a main point of his plan is to get richer day by day.
  • The World Laughs (Score:4, Insightful)

    by Spinlock_1977 ( 777598 ) <`Spinlock_1977' `at' `yahoo.com'> on Saturday August 08, 2026 @09:27AM (#66278826) Journal

    And the world laughs even harder at the craven stupidity of the current American government. You're caught up in a kleptocracy my American friends, and the Thief-In-Chief is in the Oval Office. He'll steal your mid-terms if you let him.

  • Wow is the US ever going to shit!
  • by Tschaine ( 10502969 ) on Saturday August 08, 2026 @02:31PM (#66279234)

    We're paying $1.2 billion to get LESS energy?

    When Republicans said to run it like a business I don't think they understood how Trump runs his businesses....

Somebody ought to cross ball point pens with coat hangers so that the pens will multiply instead of disappear.

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