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The US Is Paying $4 Billion to Cancel Offshore Wind

The US Is Paying $4 Billion to Cancel Offshore Wind

Aug 10, 2026 | Policy & Regulations, Renewable Energy, Wind

The United States is now spending public money to make its own electricity scarcer. On 6 August the Interior Department agreed to pay RWE $1.22 billion to surrender every offshore wind lease it holds — about 5.8 GW of planned capacity off three coasts. It was the...