TotalEnergies Offshore Wind Farm Lease Cancellation
Sector: Wind • Location: United States
Source: CNN
The Trump administration will pay nearly $1 billion to French energy giant TotalEnergies to abandon plans to build offshore wind farms in the Atlantic Ocean off the coasts of New York and North Carolina. The company will instead invest in fossil fuel projects in the US, including a liquified natural gas plant in Texas, oil drilling in the Gulf of Mexico, and shale oil projects. This deal reimburse
- Status
- Closed
- Sector
- Wind, Natural Gas, LNG, Raw Materials, Oil and Gas
- Location
- United States of America
- Updated
- 22 Jul 2026
- Source
- CNN
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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 Trump administration will pay nearly $1 billion to French energy giant TotalEnergies to abandon plans to build offshore wind farms in the Atlantic Ocean off the coasts of New York and North Carolina. The company will instead invest in fossil fuel projects in the US, including a liquified natural gas plant in Texas, oil drilling in the Gulf of Mexico, and shale oil projects. This deal reimburses TotalEnergies for federal leases purchased under the Biden administration and aims to stop offshore wind projects before they begin. |
Original sector | Energy |
Budget |
Location
Country | United States of America (USA) |
Source
Source | CNN |
URL |
More Details
Record type | Project |
Sector | Wind, Natural Gas, LNG, Raw Materials, Oil and Gas |
Article published date | 2026-03-26 |
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