# RWE agrees $1.22-billion US offshore wind lease buyback 2026-08-06T21:36:37+00:00 | World & Diplomacy | Indian Opinion Desk Corroboration: 1 independent outlet RWE US Offshore has agreed to surrender offshore wind leases in projects off New York, California and Louisiana for $1.22 billion, Hindustan Times reports. The deal takes the Trump administration’s spending on lease buybacks to nearly $4 billion. RWE said the projects, planned to generate about seven gigawatts for more than 5 million homes, had no foreseeable path to permits. The German company will instead invest $900 million in a Louisiana liquefied natural gas project and $300 million in natural gas turbines. The administration has opposed offshore wind while promoting fossil fuels. States losing projects are suing, and California plans to file a case. Separately, a federal judge in Oregon ordered the Defence Department to restart security reviews for onshore wind farms. ## Coverage - hindustantimes.com Tags: natural gas, offshore wind, RWE, Trump administration, US energy policy Canonical: https://indianopinion.org/rwe-agrees-1-22-billion-us-offshore-wind-lease-buyback/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/rwe-agrees-1-22-billion-us-offshore-wind-lease-buyback/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.