What is the latest status of the project “TotalEnergies U.S. Offshore Wind Leases Buyout”?

The status recorded for “TotalEnergies U.S. Offshore Wind Leases Buyout” is cancelled.

What is the budget and commercial profile for the project “TotalEnergies U.S. Offshore Wind Leases Buyout”?

Taiyo normalizes the budget of “TotalEnergies U.S. Offshore Wind Leases Buyout” to USD 1000000000.

Where can I verify the source and access all details for “TotalEnergies U.S. Offshore Wind Leases Buyout”?

This Taiyo project page references Construct Connect along with the original URL (https://canada.constructconnect.com/dcn/news/usa/2026/03/trump-administration-to-pay-french-company-1b-to-walk-away-from-u-s-offshore-wind-leases). Taiyo standardizes official data into a consistent, searchable project profile.

TotalEnergies U.S. Offshore Wind Leases Buyout

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

Source: Construct Connect

Project

Cancelled

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

Status: Closed
Sector: Wind, Natural Gas, Oil and Gas
Location: North Carolina, New York, Texas, United States of America
Updated: 22 Jul 2026
Source: Construct Connect

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Project Information

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The project “TotalEnergies U.S. Offshore Wind Leases Buyout” is an infrastructure initiative in the Wind sector, located in North Carolina, New York, Texas, United States. Taiyo aggregates data on it from Construct Connect.

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 company TotalEnergies to relinquish two U.S. offshore wind leases off the coasts of North Carolina and New York. TotalEnergies agreed to refund its leases and invest the money in fossil fuel projects instead, including a liquefied natural gas plant in Texas and oil and gas activities.
Original sector	Energy
Budget

Location

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

Source

Source	Construct Connect
URL

More Details

Record type	Project
Sector	Wind, Natural Gas, Oil and Gas
Article published date	2026-03-30

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TotalEnergies U.S. Offshore Wind Leases Buyout

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