Offshore Wind Projects Stalled Amid Political Shifts Post-Election
TL;DR Summary
TotalEnergies SE, a French energy company, has paused its $4.4 billion offshore wind farm project near the New York-New Jersey coastline following Donald Trump's election victory, citing potential policy shifts under his administration. The project, part of a larger $4.37 billion investment in the New York Bight, is in its early stages, with leasing rights recently obtained. The decision reflects concerns over Trump's opposition to offshore wind projects, although the company plans to revisit the project in four years, anticipating possible political changes.
Topics:business#energy#offshore-wind#renewable-energy#totalenergies#trump-administration#us-politics
- $4.4B wind farm project off New York coast ‘on pause’ after Trump election victory New York Post
- Total Pauses New York Offshore Wind Project After Trump Win Bloomberg
- TotalEnergies Halts US Offshore Wind Project Amid Political Uncertainity Offshore WIND
- Wind Power Industry Faces Uncertainty With New Administration The Vineyard Gazette - Martha's Vineyard News
- What Trump’s vow to end offshore wind energy development means for Louisiana Greater Baton Rouge Business Report
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