RWE Ditches U.S. Offshore Wind, and That Should Scare Everyone

Germany’s RWE just pulled the plug on its U.S. offshore wind business. Quietly. No fireworks, no headlines about thousands of turbines scrapped—just a dry admission that it’s “halting activities” in American waters. For one of Europe’s biggest green energy giants to walk away from a market as large as the U.S., in the middle of an energy transition no less, is not just a business decision. It’s a red flag. The exit—confirmed by a speech manuscript published ahead of a yet-to-be-delivered speech by the company’s CEO—comes…