American multinational wind, solar and gas power generation; owner-operator and developer.
RWE has relinquished its offshore wind leases in the US after a settlement with the Trump administration. The company will reinvest about $1.2 billion into a Louisiana LNG terminal and 15 natural gas peaker plants, while winding down projects on New York, California and Louisiana coasts. The move follows a pattern of government buybacks of offshore wind leases.
California and New York attorneys general have filed lawsuits over the Trump administration's plan to buy back offshore wind leases, arguing the deals divert taxpayer money to fossil-fuel projects and raise electricity costs while hindering clean-energy progress. The actions involve Invenergy and Bluepoint Wind, with multiple states joining New York in blocking the moves.