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Source:
The Fiscal Times
Trump admin terminates more wind leases
An offshore wind company, RWE U.S., settled for $1.2 billion to relinquish all its U.S. offshore wind leases, including projects off New York, California, and Louisiana. This brings total related spending to nearly $4 billion, as the company abandons plans for approximately seven gigawatts of wind power due to permitting challenges. The agreement reflects broader efforts by the Trump administration to discourage offshore wind development and favor fossil fuel investments.
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