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

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

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

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

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

This Taiyo project page references ABC4 Utah along with the original URL (https://www.abc4.com/news/business/ap-business/ap-french-company-stops-us-offshore-wind-projects-in-1b-deal-with-trump-administration/amp/). Taiyo standardizes official data into a consistent, searchable project profile.

TotalEnergies US Offshore Wind Lease Buyout

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Source: ABC4 Utah

Project

Cancelled

The Trump administration agreed to pay $1 billion to French company TotalEnergies to relinquish two offshore wind leases off the coasts of North Carolina and New York. TotalEnergies will invest the refunded lease fees in fossil fuel projects, including a liquefied natural gas plant in Texas and oil and gas activities, instead of developing offshore wind projects in the US.

Status: Closed
Sector: Wind, Natural Gas, Oil and Gas
Location: United States of America
Updated: 22 Jul 2026
Source: ABC4 Utah

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Project Information

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The project “TotalEnergies US Offshore Wind Lease Buyout” is an infrastructure initiative in the Wind sector, located in United States. Taiyo aggregates data on it from ABC4 Utah.

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 agreed to pay $1 billion to French company TotalEnergies to relinquish two offshore wind leases off the coasts of North Carolina and New York. TotalEnergies will invest the refunded lease fees in fossil fuel projects, including a liquefied natural gas plant in Texas and oil and gas activities, instead of developing offshore wind projects in the US.
Original sector	Energy
Budget

Location

Country

United States of America (USA)

Source

Source	ABC4 Utah
URL

More Details

Record type	Project
Sector	Wind, Natural Gas, Oil and Gas
Article published date	2026-03-26

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TotalEnergies US Offshore Wind Lease Buyout

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