US Offshore Wind Lease Refund Agreement with TotalEnergies
Sector: Wind • Location: United States
Source: The Boston Globe
The Trump administration reached a $1 billion deal with French energy company TotalEnergies to refund its leases for offshore wind projects off the coasts of North Carolina and New York. TotalEnergies agreed to walk away from US offshore wind development and invest the refunded money in a liquefied natural gas export terminal in Texas and other fossil fuel projects. This deal represents a tactical
- Status
- Closed
- Sector
- Wind, Natural Gas
- Location
- United States of America
- Updated
- 22 Jul 2026
- Source
- The Boston Globe
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Project Information
Participants
| Not available for this record. |
Status
Original status | awarded |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
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Description
Description | The Trump administration reached a $1 billion deal with French energy company TotalEnergies to refund its leases for offshore wind projects off the coasts of North Carolina and New York. TotalEnergies agreed to walk away from US offshore wind development and invest the refunded money in a liquefied natural gas export terminal in Texas and other fossil fuel projects. This deal represents a tactical shift after federal courts blocked President Trump's executive actions to stop offshore wind projects. |
Original sector | Energy |
Budget |
Location
Country | United States of America (USA) |
Source
Source | The Boston Globe |
URL |
More Details
Record type | Project |
Sector | Wind, Natural Gas |
Article published date | 2026-03-27 |
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