Offshore Wind Farm Cancellation by TotalEnergies
Sector: Raw Materials • Location: United States
Source: Yahoo Finance Singapore
The United States government is paying $1 billion to the French company TotalEnergies to cancel planned offshore wind farms in leased federal waters off the coast of New York and North Carolina. These wind projects would have supplied more than 4 gigawatts of clean electricity. TotalEnergies will reinvest the reimbursed $928 million in oil and gas projects in the U.S., including LNG export facilit
- Status
- Closed
- Sector
- Raw Materials, LNG, Power Generation (CCGT), Wind, Government, Oil and Gas
- Location
- United States of America
- Updated
- 22 Jul 2026
- Source
- Yahoo Finance Singapore
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Project Information
Participants
| Not available for this record. |
Status
Original status | cancelled |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The United States government is paying $1 billion to the French company TotalEnergies to cancel planned offshore wind farms in leased federal waters off the coast of New York and North Carolina. These wind projects would have supplied more than 4 gigawatts of clean electricity. TotalEnergies will reinvest the reimbursed $928 million in oil and gas projects in the U.S., including LNG export facilities and oil production. |
Original sector | Energy |
Budget |
Location
Country | United States of America (USA) |
Source
Source | Yahoo Finance Singapore |
URL |
More Details
Record type | Project |
Sector | Raw Materials, LNG, Power Generation (CCGT), Wind, Government, Oil and Gas |
Article published date | 2026-04-01 |
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