TotalEnergies U.S. Offshore Wind Leases Buyback
Sector: Wind • Location: United States
Source: Spectrum News
The Trump administration will pay $1 billion to French energy company TotalEnergies to relinquish two U.S. offshore wind leases off the coasts of North Carolina and New York. TotalEnergies agreed to 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 U.S.
- Status
- Closed
- Sector
- Wind, Natural Gas, Oil and Gas
- Location
- United States of America
- Updated
- 22 Jul 2026
- Source
- Spectrum News
ConstructChat
Ask ConstructChat about TotalEnergies U.S. Offshore Wind Leases Buyback
Pick a question to edit it, or write your own.
First answer free · no account
Project Information FAQ
Project Information
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 will pay $1 billion to French energy company TotalEnergies to relinquish two U.S. offshore wind leases off the coasts of North Carolina and New York. TotalEnergies agreed to 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 U.S. |
Original sector | Energy |
Budget |
Location
Country | United States of America (USA) |
Source
Source | Spectrum News |
URL |
More Details
Record type | Project |
Sector | Wind, Natural Gas, Oil and Gas |
Article published date | 2026-03-26 |
Research
Free account
View all details
You are reading the public part. A free account opens the rest:
- Every detail on this project
- News and media coverage
- Technical research
Free account · no card · lands you back on this project
More Wind projects in United States
- Union Power Project El Dorado AR
- I-485 Charlotte Outer Loop, North Carolina
- Goethals Bridge Replacement Project, New York
- Northeast Supply Enhancement (NESE) Project
- Dominion Cove Point Liquefaction Project, Chesapeake Bay
- Starbucks Coffee Roasting Plant
- EPC of Turbine and Foundation Structure in the Southwest Sea Wind Power Demonstration Complex
- Engineering, Procurement, and Construction of Third Bosphorus Bridge