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Offshore Wind Farms Lease Cancellation

Sector: Wind • Location: United States

Source: News From The States

Project
Cancelled

The U.S. government will pay a French energy firm nearly $1 billion to cancel its plans to build two offshore wind farms off the East Coast, specifically off the coasts of New York and North Carolina. The French firm TotalEnergies will forfeit its leases for these projects, with the U.S. reimbursing the company for its initial lease expenditures. The canceled projects would have provided power to

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The project “Offshore Wind Farms Lease Cancellation” is an infrastructure initiative in the Wind sector, located in United States. Taiyo aggregates data on it from News From The States.

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cancelled

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Description

Description

The U.S. government will pay a French energy firm nearly $1 billion to cancel its plans to build two offshore wind farms off the East Coast, specifically off the coasts of New York and North Carolina. The French firm TotalEnergies will forfeit its leases for these projects, with the U.S. reimbursing the company for its initial lease expenditures. The canceled projects would have provided power to more than 1 million homes.

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