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TotalEnergies Offshore Wind Leases Abandonment

Sector: Wind • Location: New York, North Carolina, United States

Source: E&E News by POLITICO

Project
Cancelled

TotalEnergies agreed to abandon two planned offshore wind projects off New York and North Carolina in exchange for nearly $1 billion from the U.S. Interior Department. The company plans to use the funds to invest in oil and gas production, including a new liquefied natural gas terminal in Texas. The projects were years away from construction and faced high leasing costs and regulatory challenges.

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The project “TotalEnergies Offshore Wind Leases Abandonment” is an infrastructure initiative in the Wind sector, located in New York, North Carolina, United States. Taiyo aggregates data on it from E&E News by POLITICO.

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TotalEnergies agreed to abandon two planned offshore wind projects off New York and North Carolina in exchange for nearly $1 billion from the U.S. Interior Department. The company plans to use the funds to invest in oil and gas production, including a new liquefied natural gas terminal in Texas. The projects were years away from construction and faced high leasing costs and regulatory challenges.

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