Trump administration pays RWE $1.22bn to exit three US offshore wind leases, total buyout tab reaches ~$4bn
RWE agreed to surrender its offshore wind leases off New York, California, and Louisiana to the US Department of the Interior for $1.22 billion, the fifth such deal under the current administration. Windpower Monthly reports the company simultaneously announced $1.2 billion in new US liquefied natural gas and gas-turbine investments — roughly equal to the settlement amount. The Maritime Executive notes this brings the cumulative federal payout to cancel offshore wind projects to nearly $4 billion. Asset managers with US offshore wind exposure and insurers holding project-finance policies should note the pattern of lease buy-backs as a de facto policy tool for project termination.
Read at Windpower MonthlyDenmark awards Vattenfall 1.8 GW offshore wind contracts in successful CfD auction; Vattenfall says it bid 'aggressively' to exclude rivals
Denmark awarded two offshore wind contracts totalling at least 1.8 GW to Vattenfall — the Hesselø and North Sea I Mid sites — in its latest auction, which used a two-sided Contract for Difference design after a prior round with uncapped negative bidding attracted no bids, per Windpower Monthly. Recharge News reports Vattenfall acknowledged bidding aggressively to crowd out competitors. WindEurope (industry-voice) argues the result demonstrates that CfD auction design is decisive for attracting bids. Operators and asset managers tracking European auction structures should note the auction-design lesson, though WindEurope's characterisation reflects an industry-advocacy position.
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