Offshore Wind Development Deal with TotalEnergies
Sector: Wind • Location: United States
Source: AOL
The U.S. Department of the Interior reached a $928 million deal with French energy company TotalEnergies to end the company’s offshore wind development off the East Coast and redirect that investment into domestic fossil fuel initiatives. The agreement aims to lower energy costs and strengthen the nation’s energy security. TotalEnergies will commit $928 million to fossil fuel development in the U.
- Status
- Closed
- Sector
- Wind, Government, Natural Gas, Power Generation (CCGT)
- Location
- United States of America
- Updated
- 22 Jul 2026
- Source
- AOL
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Project Information
Participants
| Not available for this record. |
Status
Original status | awarded |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The U.S. Department of the Interior reached a $928 million deal with French energy company TotalEnergies to end the company’s offshore wind development off the East Coast and redirect that investment into domestic fossil fuel initiatives. The agreement aims to lower energy costs and strengthen the nation’s energy security. TotalEnergies will commit $928 million to fossil fuel development in the U.S., matching the amount previously paid for offshore wind leases, and the federal government will reimburse the company up to the value of those lease payments. TotalEnergies has pledged not to develop any new offshore wind projects in the U.S. as part of the deal. |
Original sector | Energy |
Budget |
Location
Country | United States of America (USA) |
Source
Source | AOL |
URL |
More Details
Record type | Project |
Sector | Wind, Government, Natural Gas, Power Generation (CCGT) |
Article published date | 2026-04-03 |
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