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November 14, 2024
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RWE Pauses Investments in US Offshore Wind
Developer Says Trump's Election Injects Risk and Uncertainty into Market
The offshore converter platform is installed in August at RWE’s Sofia Offshore Wind Farm in the North Sea.
The offshore converter platform is installed in August at RWE’s Sofia Offshore Wind Farm in the North Sea. | RWE
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RWE, which holds offshore wind leases off the Atlantic, Pacific and Gulf coasts, said it is pausing capital expenditures on development there for two years due to increased risk and uncertainty. 
Offshore Wind Power