US strikes $1.2bn deal to pay German firm to halt offshore wind projects0

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• August 7, 2026

Overall, the German firm plans to invest approximately €17bn (£14.5bn; $19.6bn) in the US over the next six years “to grow its generation capacity”. Interior Secretary Doug Burgum said in a statement posted on X that Americans deserve an energy system built on common sense and not one dependent on “costly subsidies”. “We welcome RWE’s