TotalEnergies Offshore Wind Farms
Sector: Wind • Location: United States
Source: Fast Company
The Trump administration announced a plan to pay TotalEnergies approximately $1 billion to abandon two planned offshore wind farms in the U.S. and instead invest in oil, gas, and LNG production. The two leases were bought by TotalEnergies in 2022: one off the coast of North Carolina and one off the coast of New York. The deal is controversial and experts question its legality, as the government ma
- Status
- Closed
- Sector
- Wind, Government, LNG, Oil and Gas, Raw Materials
- Location
- United States of America
- Updated
- 22 Jul 2026
- Source
- Fast Company
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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 announced a plan to pay TotalEnergies approximately $1 billion to abandon two planned offshore wind farms in the U.S. and instead invest in oil, gas, and LNG production. The two leases were bought by TotalEnergies in 2022: one off the coast of North Carolina and one off the coast of New York. The deal is controversial and experts question its legality, as the government may not have the authority to reimburse the company for relinquishing the leases. |
Original sector | Energy |
Budget |
Location
Country | United States of America (USA) |
Source
Source | Fast Company |
URL |
More Details
Record type | Project |
Sector | Wind, Government, LNG, Oil and Gas, Raw Materials |
Article published date | 2026-04-03 |
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