CAVOK@lemmy.world to Europe@feddit.orgEnglish · 2 days agoUS strikes $1.2bn deal to pay German firm to halt offshore wind projectswww.bbc.comexternal-linkmessage-square78linkfedilinkarrow-up1290arrow-down10cross-posted to: energy@slrpnk.netusa@midwest.socialusa@lemmy.ml
arrow-up1290arrow-down1external-linkUS strikes $1.2bn deal to pay German firm to halt offshore wind projectswww.bbc.comCAVOK@lemmy.world to Europe@feddit.orgEnglish · 2 days agomessage-square78linkfedilinkcross-posted to: energy@slrpnk.netusa@midwest.socialusa@lemmy.ml
minus-squareRamRabbit@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down2·2 days agoFrom what I can tell, RWE would have owned the wind projects before as well. RWE said it has agreed to relinquish its leases off the California and Louisiana coasts as well as in the New York Bight. They wouldn’t need to relinquish leases if the US was the owner and RWE was simply a contractor building stuff for them.
minus-squareywain@lemmy.ziplinkfedilinkEnglisharrow-up1·2 days agoThat’s 1.2 billion - 900 million, and still a profit making venture. Paid by the US government to still make money. US capitalism.
minus-squareJiral@lemmy.worldlinkfedilinkEnglisharrow-up1·2 days agoYour interpretation doesn’t sound like the only possible one. Do you have a source that is clearly stating these things?
From what I can tell, RWE would have owned the wind projects before as well.
They wouldn’t need to relinquish leases if the US was the owner and RWE was simply a contractor building stuff for them.
That’s 1.2 billion - 900 million, and still a profit making venture. Paid by the US government to still make money. US capitalism.
Your interpretation doesn’t sound like the only possible one. Do you have a source that is clearly stating these things?