Central Africa/Economy/US pays TotalEnergies $1 billion to cancel offshore wind leases

US pays TotalEnergies $1 billion to cancel offshore wind leases

Mar 23, 20268 sources

Also covers:FranceUnited States

Summary

The US government has reached a nearly $1 billion agreement with French energy company TotalEnergies to terminate its offshore wind power leases. TotalEnergies is abandoning its US offshore wind development plans as part of the deal. The move aligns with President Trump's opposition to wind power development.

Related Coverage

Same story covered from other perspectives

United StatesEconomy

OpenAI explores new energy and chip deals for AI expansion

76 sources6 shared

Source Headlines

8 headlines from 8 publishers

US to pay TotalEnergies $1 billion to stop developing offshore wind in US

Mar 23

Ars Technica →