TotalEnergies Offshore Wind Farm Abandonment Deal
Awarded · United States · Last reported Mar 2026
Source: The Daily Beast
The Trump administration will pay TotalEnergies $928 million to abandon its plans to build offshore wind farms off the coast of New York and North Carolina. This reverses a deal made during the Biden administration. TotalEnergies will invest the reimbursed funds in oil and gas projects in the U.S., including a facility in Texas, and pledge to increase oil production in the Gulf of Mexico.
- Status
- Closed
- Sector
- Wind, Raw Materials, Oil and Gas
- Location
- United States of America
- Updated
- 22 Jul 2026
- Source
- The Daily Beast
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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 Trump administration will pay TotalEnergies $928 million to abandon its plans to build offshore wind farms off the coast of New York and North Carolina. This reverses a deal made during the Biden administration. TotalEnergies will invest the reimbursed funds in oil and gas projects in the U.S., including a facility in Texas, and pledge to increase oil production in the Gulf of Mexico. |
Original sector | Energy |
Budget |
Location
Country | United States of America (USA) |
Source
Source | The Daily Beast |
URL |
More Details
Record type | Project |
Sector | Wind, Raw Materials, Oil and Gas |
Article published date | 2026-03-27 |
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