alt Hacker News>RWE said that it will now reinvest the sum into conventional gas projects, including $900m (£669m) in a liquefied natural gas (LNG) export terminal project in Louisiana.
Replies
eigenspace • today at 11:38 AM
Yeah, they say that, but I wonder how much of it is just to make the Trump admin happy.
Like, I don't doubt that they will go and build gas projects, and might even use some of this money to kickstart it, but presumably RWE was already pretty far along the pipeline of preparing this offshore buildout, and there's likely a lot equipment orders, staff, ships, etc that they'd rather not cancel, and would rather redirect into another project if they can.
Maybe that's copium from me though, just sad to see a big wind project go to waste.
➕ show 1 reply
That kinda stinks, I wonder if getting the settlement was contingent on the re-investment.