TotalEnergies U.S. Offshore Wind Lease Buyback Agreement
Sector: Oil and Gas • Location: United States
Source: Heatmap News
The Trump administration reached a nearly $1 billion settlement agreement with TotalEnergies to buy back the French company’s U.S. offshore wind leases, citing national security concerns raised by the Department of Defense. The deal involved a draft Memorandum of Understanding between the Department of the Interior and TotalEnergies Renewables USA, LLC on Offshore Wind Lease OCS-A 0545, related to
- Status
- Closed
- Sector
- Oil and Gas, Wind, Aerospace & Defense
- Location
- United States of America
- Updated
- 22 Jul 2026
- Source
- Heatmap News
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Project Information
Participants
| Not available for this record. |
Status
Original status | completed |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The Trump administration reached a nearly $1 billion settlement agreement with TotalEnergies to buy back the French company’s U.S. offshore wind leases, citing national security concerns raised by the Department of Defense. The deal involved a draft Memorandum of Understanding between the Department of the Interior and TotalEnergies Renewables USA, LLC on Offshore Wind Lease OCS-A 0545, related to the Carolina Long Bay lease. The agreement was finalized on March 23, 2026, with the Interior Department paying TotalEnergies out of the Judgment Fund and requiring the company to invest an equivalent amount into U.S. oil and gas projects. |
Original sector | Energy |
Budget |
Location
Country | United States of America (USA) |
Source
Source | Heatmap News |
URL |
More Details
Record type | Project |
Sector | Oil and Gas, Wind, Aerospace & Defense |
Article published date | 2026-05-24 |
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