What is the latest status of the project “TotalEnergies Offshore Wind Lease Buyout”?

The status recorded for “TotalEnergies Offshore Wind Lease Buyout” is awarded.

What is the budget and commercial profile for the project “TotalEnergies Offshore Wind Lease Buyout”?

Taiyo normalizes the budget of “TotalEnergies Offshore Wind Lease Buyout” to USD 1000000000.

Where can I verify the source and access all details for “TotalEnergies Offshore Wind Lease Buyout”?

This Taiyo project page references Taxpayers for Common Sense along with the original URL (https://www.taxpayer.net/energy-natural-resources/dept-of-interiors-1-billion-wind-buyout-is-blowing-taxpayer-dollars-away/). Taiyo standardizes official data into a consistent, searchable project profile.

TotalEnergies Offshore Wind Lease Buyout

Awarded · New York, North Carolina · Last reported Mar 2026

Source: Taxpayers for Common Sense

Project

Awarded

The Department of the Interior finalized an agreement to pay TotalEnergies nearly $1 billion to terminate two federal offshore wind leases in New York and North Carolina. These leases were acquired in 2022 and were expected to support significant offshore wind capacity. TotalEnergies will invest the buyout amount in unrelated oil and gas projects instead.

Status: Closed
Sector: Oil and Gas, Wind
Location: New York, North Carolina, United States of America
Updated: 22 Jul 2026
Source: Taxpayers for Common Sense

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Project Information

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The project “TotalEnergies Offshore Wind Lease Buyout” is an infrastructure initiative in the Oil and Gas sector, located in New York, North Carolina, United States. Taiyo aggregates data on it from Taxpayers for Common Sense.

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 Department of the Interior finalized an agreement to pay TotalEnergies nearly $1 billion to terminate two federal offshore wind leases in New York and North Carolina. These leases were acquired in 2022 and were expected to support significant offshore wind capacity. TotalEnergies will invest the buyout amount in unrelated oil and gas projects instead.
Original sector	Energy & Natural Resources
Budget

Location

Country	United States of America (USA)
State	New York, North Carolina

Source

Source	Taxpayers for Common Sense
URL

More Details

Record type	Project
Sector	Oil and Gas, Wind
Article published date	2026-05-14

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TotalEnergies Offshore Wind Lease Buyout

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