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The Independent UK

National

Jennifer McDermott

French company stops US offshore wind projects in $1B deal with Trump administration

Donald Trump TotalEnergies United States Interior The department of interior

Trump Offshore Wind - (Copyright 2025 The Associated Press. All rights reserved.)

The Trump administration will pay $1 billion to a French company to walk away from two U.S. offshore wind leases as the administration ramps up its campaign against offshore wind and other renewable energy.

TotalEnergies has agreed to what's essentially a refund of its leases for projects off the coasts of North Carolina and New York, and will invest the money in fossil fuel projects instead, the Department of Interior announced Monday.

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