German energy company RWE has said it will abandon its offshore wind projects in the US after reaching a $1.2bn (£892m) payout deal with President Donald Trump’s Department of the Interior (DoI).
RWE said that it will now reinvest the sum into conventional gas projects, including $900m (£669m) in a liquefied natural gas (LNG) export terminal project in Louisiana.
Trump has derided wind power for years and often uses his rally speeches to rail against “ugly” turbines.
RWE said it has agreed to relinquish its leases off the California and Louisiana coasts as well as in the New York Bight.
Overall, the German firm plans to invest approximately €17bn (£14.5bn; $19.6bn) in the US over the next six years “to grow its generation capacity”.