TotalEnergies abandons US offshore wind projects, shifts to gas
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United States: TotalEnergies Signs Agreements with U.S. Department of Interior to End its U.S. Offshore Wind Projects
March 24, 2026 4:43 AM EDTWASHINGTON--(BUSINESS WIRE)-- TotalEnergies (Paris: TTE) (LSE: TTE) (NYSE: TTE) has signed settlement agreements with the United States Department of the Interior (DOI) to relinquish its Carolina Long Bay lease (Lease OCS-A 0545) and its New York Bight lease (Lease OCS-A 0538), both awarded in 2022, along with its partners. As a result, TotalEnergies will no longer develop offshore wind projects in the United States.
Under the terms of the settlement, TotalEnergies will recover the lease fees paid and will invest an equal... More
