TotalEnergies US Offshore Wind Leases Buyout
Sector: Wind • Location: North Carolina, New York, United States
Source: Louisiana First News
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
- North Carolina, New York, United States of America
- Updated
- 22 Jul 2026
- Source
- Louisiana First News
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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 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) |
State | North Carolina, New York |
Source
Source | Louisiana First News |
URL |
More Details
Record type | Project |
Sector | Wind, Natural Gas, Oil and Gas |
Article published date | 2026-03-26 |
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