CAVOK@lemmy.world to Europe@feddit.orgEnglish · 2 months agoUS strikes $1.2bn deal to pay German firm to halt offshore wind projectswww.bbc.comexternal-linkmessage-square79fedilinkarrow-up1296arrow-down10cross-posted to: technology@lemmit.onlineworld@lemmy.worldhackernews@lemmy.bestiver.se
arrow-up1296arrow-down1external-linkUS strikes $1.2bn deal to pay German firm to halt offshore wind projectswww.bbc.comCAVOK@lemmy.world to Europe@feddit.orgEnglish · 2 months agomessage-square79fedilinkcross-posted to: technology@lemmit.onlineworld@lemmy.worldhackernews@lemmy.bestiver.se
minus-squareJiral@lemmy.worldlinkfedilinkEnglisharrow-up11·2 months agoYes, which is not what you said before. RWE is getting paid for nothing to then invest its own money in other projects. The difference is ownership. The difference matters.
minus-squareRamRabbit@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down2·edit-22 months 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-squareJiral@lemmy.worldlinkfedilinkEnglisharrow-up1·2 months agoYour interpretation doesn’t sound like the only possible one. Do you have a source that is clearly stating these things?
minus-squareywain@lemmy.ziplinkfedilinkEnglisharrow-up1·edit-22 months agoThat’s 1.2 billion - 900 million, and still a profit making venture. Paid by the US government to still make money. US capitalism.
Yes, which is not what you said before. RWE is getting paid for nothing to then invest its own money in other projects. The difference is ownership. The difference matters.
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.
Your interpretation doesn’t sound like the only possible one. Do you have a source that is clearly stating these things?
That’s 1.2 billion - 900 million, and still a profit making venture. Paid by the US government to still make money. US capitalism.