TotalEnergies Offshore Wind Development Deal
Sector: Wind • Location: United States
Source: WHMI
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. TotalEnergies will commit $928 million to fossil fuel development in the U.S., matching the amount previously paid for offshore wind leases. The federal governme
- Status
- Closed
- Sector
- Wind, Natural Gas, Power Generation (CCGT), Government
- Location
- United States of America
- Updated
- 22 Jul 2026
- Source
- WHMI
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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
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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. TotalEnergies will commit $928 million to fossil fuel development in the U.S., matching the amount previously paid for offshore wind leases. The federal government will reimburse the company up to the value of those lease payments upon meeting commitments. TotalEnergies has pledged not to develop any new offshore wind projects in the U.S. as part of the agreement. |
Original sector | Energy |
Budget |
Location
Country | United States of America (USA) |
Source
Source | WHMI |
URL |
More Details
Record type | Project |
Sector | Wind, Natural Gas, Power Generation (CCGT), Government |
Article published date | 2026-03-29 |
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