The administration's latest lease buyback transaction with RWE pushes the cumulative total of taxpayer-funded refunds to cancel offshore wind projects to nearly $4 billion, according to sources cited by Rigzone. The figure includes payments to multiple developers who have exited their US offshore wind leases under the Trump administration's policy of unwinding federal support for the sector.
The $4 billion cumulative figure was first reported on 6–7 August across multiple outlets.