TotalEnergies Offshore Wind Lease Buyout and Reinvestment Deal
Awarded · New York; North Carolina; Texas; Gulf of Mexico · Last reported Mar 2026
Source: Center for Strategic and International Studies (CSIS)
The Trump administration agreed to pay TotalEnergies $1 billion to stop developing two offshore wind projects, Attentive Energy and Carolina Long Bay, representing over 4 GW of electrical capacity off the coasts of New York and North Carolina. In exchange, TotalEnergies will reinvest the money in a Texas liquefied natural gas (LNG) project and oil and gas production in the Gulf of Mexico. The deal
- Status
- Closed
- Sector
- Wind, LNG, Natural Gas, Oil and Gas
- Location
- New York; North Carolina; Texas; Gulf of Mexico, United States of America
- Updated
- 22 Jul 2026
- Source
- Center for Strategic and International Studies (CSIS)
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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 agreed to pay TotalEnergies $1 billion to stop developing two offshore wind projects, Attentive Energy and Carolina Long Bay, representing over 4 GW of electrical capacity off the coasts of New York and North Carolina. In exchange, TotalEnergies will reinvest the money in a Texas liquefied natural gas (LNG) project and oil and gas production in the Gulf of Mexico. The deal pauses new permits and leases for offshore wind projects and freezes the reverted leases instead of reauctioning them. |
Original sector | Energy |
Budget |
Location
Country | United States of America (USA) |
State | New York; North Carolina; Texas; Gulf of Mexico |
Source
Source | Center for Strategic and International Studies (CSIS) |
URL |
More Details
Record type | Project |
Sector | Wind, LNG, Natural Gas, Oil and Gas |
Article published date | 2026-03-30 |
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