US to compensate TotalEnergies for withdrawing from offshore wind leases
TL;DR Summary
The United States will compensate TotalEnergies to relinquish its offshore wind lease bids, part of a broader effort to accelerate and de-risk offshore wind development.
- French company stops US offshore wind projects in $1B deal with Trump administration AP News
- Trump administration to pay $1 billion to stop two East Coast wind farms The Washington Post
- Trump administration will pay a French company $1 billion in taxpayer funds to not build wind farms CNN
- Trump Administration to Pay $1 Billion to Energy Giant to Cancel Wind Farms The New York Times
- Trump administration, energy developer announce end of U.S. offshore wind projects Politico
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