W32

Trump pays RWE $1.22B to exit US offshore wind as Middle East shipping chaos deepens.

3 Aug – 9 Aug 2026

Automatically composed with AI from the cited sources

The Trump administration's $1.22B buyout of RWE's US offshore wind leases — part of nearly $4B in total buybacks — signals a hostile US market for offshore wind developers, redirecting capital and vessels toward Europe and Asia.

Middle East sea lanes deteriorated sharply: Houthis sank an Indian cargo vessel and claimed an eighth Saudi tanker strike, ADNOC confirmed three vessels attacked in Hormuz, and Iran-Oman talks over Strait governance remain fraught with sanctions obstacles.

Vattenfall's 1.8 GW Danish tender win and the UK AR8 CfD auction moving toward autumn bidding reinforce European offshore wind momentum, while Mingyang's 16 MW floating turbine commissioning and Danish pushback against Chinese turbines sharpen the supply-chain contest.

Companies this week

RWE RWE struck a $1.22B deal with the Trump administration to abandon its US offshore wind leases — $900M for a Louisiana LNG stake and $300M for turbine reservations backing gas peaker plants.

TotalEnergies TotalEnergies is abandoning all its Danish offshore wind projects, including Jammerland Bugt and Lillebælt Syd awarded in the 2023 nearshore tender.

bp Details surfaced of a $700M offshore wind setback at BP's venture, adding to the sector's financial pain.

Vattenfall Vattenfall won 1.8 GW of Danish offshore wind contracts (Hesselø and North Sea I Mid) and launched a tender for ROV inspection and seabed survey contractors across its European fleet.

Siemens Gamesa Dominion Energy faces an $800M Trump tariff bill for Siemens Gamesa turbines at the 2.6 GW Coastal Virginia Offshore Wind project, now 81% complete.

Mingyang Smart Energy Mingyang commissioned a 16 MW tension leg platform floating turbine for CNOOC's Anlan scheme and declared readiness to supply Danish offshore wind projects amid European pushback.

Vestas Siemens Energy publicly backed Vestas's CEO in the competition against Chinese turbine manufacturers.

Jan De Nul Export cables and the offshore substation were completed at Taiwan's 495 MW Fengmiao 1 offshore wind farm.

Boskalis Boskalis's Windpiper, the industry's largest subsea rock installation vessel, departed Rotterdam for its maiden Baltic Sea campaign.

Seaway 7 Seaway7 installed all 54 transition pieces at the 1.1 GW Inch Cape offshore wind farm off eastern Scotland using its heavy crane vessel Seaway Alfa Lift.

Havfram CEO Odd Strømsnes highlighted offshore wind's advantages over onshore in Norway and identified next-gen turbine installation as the sector's most complex challenge.