What is the latest status of the project “US Offshore Wind Leases by TotalEnergies”?

The status recorded for “US Offshore Wind Leases by TotalEnergies” is cancelled.

What is the budget and commercial profile for the project “US Offshore Wind Leases by TotalEnergies”?

Taiyo normalizes the budget of “US Offshore Wind Leases by TotalEnergies” to USD 1000000000.

Where can I verify the source and access all details for “US Offshore Wind Leases by TotalEnergies”?

This Taiyo project page references The Globe and Mail along with the original URL (https://www.theglobeandmail.com/investing/markets/commodities/LOQ24/pressreleases/902266/trump-administration-to-pay-french-company-1b-to-walk-away-from-us-offshore-wind-leases/). Taiyo standardizes official data into a consistent, searchable project profile.

US Offshore Wind Leases by TotalEnergies

Sector: Wind • Location: United States

Source: The Globe and Mail

Project

Cancelled

The Trump administration agreed to pay $1 billion to French company TotalEnergies to walk away from two US 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. The company pledged not to develop any new offshore wind projects in the

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

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Project Information

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The project “US Offshore Wind Leases by TotalEnergies” is an infrastructure initiative in the Wind sector, located in United States. Taiyo aggregates data on it from The Globe and Mail.

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 walk away from two US 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. The company pledged not to develop any new offshore wind projects in the US.
Original sector	Energy
Budget

Location

Country

United States of America (USA)

Source

Source	The Globe and Mail
URL

More Details

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

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US Offshore Wind Leases by TotalEnergies

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