US EditionU.S. Eyes $1 Billion Payout to Scrap TotalEnergies Wind Projects
- On Tuesday, U.S. officials are drafting agreements to cancel two offshore wind leases, Attentive Energy off New York and Carolina Long Bay off North Carolina, the New York Times reported.
- Leases awarded in 2022 and a subsequent pause mean the move reverses the prior administration's offshore wind agenda as TotalEnergies paused U.S. development after the November 2024 pause in development and an Executive Order pausing leasing was overturned by a court last year.
- Financial filings and draft settlements show TotalEnergies paid $795 million and $160 million in 2022 for the 3-GW Attentive Energy and 1.2-GW Carolina Long Bay leases, with proposed reimbursements of $795 million and more than $133 million.
- In exchange for abandoning the projects, TotalEnergies would accelerate investments in U.S. natural gas infrastructure, including Texas, but either outcome would trigger legal challenges and costly court battles.
- The development positions the U.S. offshore wind industry amid contested legal rulings, with federal courts overturning last year’s Executive Order and striking down stop-work orders, even as Vineyard Wind 1 and Revolution Wind reached milestones last week.
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Trump Tries To Bribe Away His Offshore Wind Demons
US President Donald Trump has failed to stop the US offshore wind industry, but a billion-dollar bribe may tempt the French firm TotalEnergies to back off. The post Trump Tries To Vanquish His Offshore Wind Demons With A Billion-Dollar Bribe appeared first on CleanTechnica.
Trump Weighs $1 Billion Deal to Kill Off Offshore Wind
Current conditions: An historic heatwave in the Southwest could drive temperatures up to 110 degrees in parts of southeastern California and Arizona in what would mark the earliest date in recorded history that the region hit that temperature • Three major wildfires, including the largest in Nebraska’s history, have scorched more than 600,000 acres and killed at least one person so far • Days of heavy rainfall in Limpopo have washed out roads ac…
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