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

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

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

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

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

This Taiyo project page references Washington Times along with the original URL (https://www.washingtontimes.com/news/2026/mar/23/totalenergies-get-1b-trump-administration-walk-away-us-offshore-wind/). Taiyo standardizes official data into a consistent, searchable project profile.

U.S. Offshore Wind Lease Buyout by TotalEnergies

Sector: Wind • Location: United States

Source: Washington Times

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, halting offshore wind development in the U.S. The refunded lease fees will finance a liquefied natural gas plant in Texas and oil and ga

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

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Project Information

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The project “U.S. Offshore Wind Lease Buyout by TotalEnergies” is an infrastructure initiative in the Wind sector, located in United States. Taiyo aggregates data on it from Washington Times.

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, halting offshore wind development in the U.S. The refunded lease fees will finance a liquefied natural gas plant in Texas and oil and gas activities.
Original sector	Energy
Budget

Location

Country

United States of America (USA)

Source

Source	Washington Times
URL

More Details

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

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U.S. Offshore Wind Lease Buyout by TotalEnergies

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