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

Like, I don't doubt that they will go and build gas projects, and might even use some of this money to kickstart it, but presumably RWE was already pretty far along the pipeline of preparing this offshore buildout, and there's likely a lot equipment orders, staff, ships, etc that they'd rather not cancel, and would rather redirect into another project if they can.

Maybe that's copium from me though, just sad to see a big wind project go to waste.

like yes there was binding commitment to RWE getting some level of subsidies, hence he had to "pay them of" around the amount of profit they have likely list, and probably more

but... compared to not paying that much more in subsidies _and_ getting more electricity out of it which the US seem to currently be quite tight one this seems to be a terrible bad deal

---

EDIT: Sorry for the rant below, it's just pretty annoying how dishonest non fact based politics has been becoming where I live:

furthermore you can stop future subsidies, so if wind energy is as "fake" as he claims this is something RWE would be stuck with not them, even if it drive them bankrupt it wouldn't be a USA problem (and more a German one)

so the only way this deal makes sense is if you a) hate wind energy and want it cone irrationally b) know it actually works and as such would "stay around" for sure (or if you really really really care about birds, no way this is true for Trump)

(And also practically it already has proven that off shore wind farms can work profitable, so b, isn't really a question. But I guess if you have a president who says all the wind farms in China are fake for show while China produce roughly as much wind energy as all of the EU together then sure you can't except logic).

In general the amount of nonsense you hear when it comes to the topic of renewable energies is pretty crazy both in how people "proof how bad it is" .. based on early technology from well over 20+ years ago, systematically ignoring relevant components of a complete solution, pretending certain already in-use technologies don't exist and don't make sense etc. To ignoring issues with whatever technology they favor and often comparing wrongly calculated "non subsidized" renewable prices with "highly subsidized" non renewable prices. Don't get me wrong it also is done the other way around. But at least where I live, that direction of propaganda isn't really relevantly used while the other direction is spread everywhere non stop (while also pretending that any honest calculation is supposedly "faked" because it doesn't fit their world view).