Trump Administration's $1 Billion Deal to Stop Offshore Wind Development
ByAinvest
Tuesday, Mar 24, 2026 3:58 pm ET1min read
TTE--
The Trump administration has agreed to a $1 billion payout to TotalEnergies, a French energy company, to abandon its offshore wind projects off the coasts of North Carolina and New York. The deal marks a new approach against the offshore wind industry, which Trump has opposed through executive action. The payment is seen as creative by supporters but foolish and extreme by opponents.
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