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

BBC News reported that the US has agreed to a $1.2 billion deal to pay German firm RWE to halt its offshore wind projects. This payout is the latest in a series of cancellations for wind energy projects, a power source previously criticized by President Trump.

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Friday, August 7, 2026 at 05:50 AM EDT

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