On August 6, local time, the US offshore wind power business under the German energy company RWE reached a settlement agreement with the US Department of the Interior. The US government paid 1.22 billion US dollars in settlement funds, and RWE will relinquish offshore wind power leasing rights located in New York Bay, off the coast of California, and off the coast of Louisiana. RWE said that the company previously obtained relevant offshore wind power leases from the US government and has invested more than 1 billion US dollars in leases and project development. After evaluation, the company believes that these projects cannot be licensed to proceed in the foreseeable future. This settlement will resolve RWE's related legal claims against the US government and enable the company to re-invest capital into energy projects that can be promoted.

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