Gone in one deal: the most expensive OCS lease ever, one of only two Northern California leases, and the only Gulf of America wind lease

RWE has agreed to relinquish their Atlantic, Pacific, and Gulf of America wind leases. After careful consideration, it was determined there is no path forward to permit these projects in the U.S. for the foreseeable future. Comment: The poor prospects for these leases had more to do with bad investment decisions than permitting challenges. The [ ]