US Pays German Firm $1.2 Billion For Wind

BBC World · world

The United States has agreed to a $1.2 billion deal with German firm RWE to halt offshore wind projects. This payout is the latest in a series of cancellations for wind energy initiatives. Former President Trump had long criticized wind power as an energy source. The agreement signifies a shift away from these specific wind energy developments, impacting future renewable energy plans in the region.