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Event Brief

RWE exits California offshore wind leases in $1.22B deal

German energy giant RWE will drop offshore wind leases near Humboldt, complicating California’s clean-energy goals.
WHO: RWE, the Trump administration
WHAT: RWE agreed to exit California offshore wind leases in a $1.22-billion deal
WHEN: Aug 6, 2026 at 4:27 PM ET
WHERE: Northern California near Humboldt
WHY: RWE said it will abandon the wind leases as part of its $1.22-billion deal involving the Trump administration

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