Saving Seafood

Another offshore wind firm is seeking a payout as Trump stifles sector

April 27, 2026 — A second French energy firm is pursuing a refund on its U.S. offshore wind leases — and analysts say the trend could spread further, despite major legal questions about the Trump administration’s approach.

Engie, which had been planning three U.S. projects, is in talks with the administration about forfeiting the company’s offshore wind leases in exchange for reimbursement. Engie CEO Catherine MacGregor disclosed the development on April 21, a month after the French oil giant TotalEnergies struck a similar deal for nearly $1 billion with the U.S. Department of the Interior.

“Discussions are ongoing, and we’ll see if an agreement is possible,” MacGregor told reporters at a press meeting in Paris.

“Economically and also in terms of public acceptance, I strongly believe in offshore wind power,” she added. However, ​“One must be able to say that energy policy is stable enough whatever the political color of the government” to continue investing in the clean energy resource.

Read the full article at Canary Media

U.S. is Negotiating to Cancel More Offshore Wind Leases

April 22, 2026 — Executives at the French company Engie confirmed today that they are in discussions with U.S. officials about possibly canceling their offshore wind farm leases. Last month, the administration agreed to reimburse TotalEnergies for its offshore wind leases and hinted it might use the same technique with others, although advocates and lawmakers are questioning the legal authority.

The Trump administration said in March that it had agreed to reimburse TotalEnergies nearly $1 billion it had paid to acquire a large lease in the New York Bight, which was to host two large wind farms, as well as a small property off North Carolina. The administration called it a win, saying the company had agreed to reinvest the money in the U.S. LNG sector, where it has a project underway.

Read the full article at The Maritime Executive

Why the US will pay a French company nearly $1 billion to give up wind farm plans

March 30, 2026 — This week, the Trump administration announced it had struck an unusual deal. The U.S. government will pay TotalEnergies, a French power generation company, $928 million to scuttle its plans to build two wind farms off the coasts of New Jersey and North Carolina. Together, the projects could have powered some 1.7 million homes.

The deal represents a new wrinkle in President Donald Trump’s campaign to jettison America’s nascent offshore wind industry, which many environmentalists see as key to reducing the country’s carbon footprint. Mr. Trump has criticized wind power as ineffective and costly, and his administration has tried to curtail wind infrastructure development.

“Offshore wind is one of the most expensive, unreliable, environmentally disruptive, and subsidy-dependent schemes ever forced on American ratepayers and taxpayers,” said Interior Secretary Doug Burgum, in a news release announcing the deal on Monday.

NORTH CAROLINA: Wind farm deal off Wilmington coast canceled. Here’s why.

March 26, 2026 — With the political climate, at least in Washington, working against it, a French energy giant has cut a deal with the Trump administration to cancel its offshore wind lease off Southeastern North Carolina for investing an equal amount in fossil fuels.

The agreement by TotalEnergies is another move that brings into stark question the chance of any wind farms rising in the waters off the Cape Fear coast − at least in the short term.

It also is another front opened by the White House on the future of offshore wind, an energy source that President Trump, a Republican, has vocally criticized since his first term in office.

“The Trump Administration is spending nearly $1 billion in taxpayer money to pay off a company to stop investments in the clean energy we need,” N.C. Gov. Josh Stein, a Democrat, said on a social media post. “This is a terrible deal for the people of North Carolina and our country.”

Read the full article at Star News Online

 

Trump administration’s $1B deal to stop offshore wind shows an evolution in its anti-wind strategy

March 25, 2026 — The Trump administration’s $1 billion payout to a French energy company to walk away from U.S. offshore wind development is a novel tactic against the industry that supporters see as creative — but opponents see as foolish and extreme.

The Interior Department announced Monday that TotalEnergies agreed to what is essentially a refund of its leases for projects off the coasts of North Carolina and New York, and will invest the money in a liquefied natural gas export terminal in Texas and other fossil fuel projects instead. The department hailed it as an “innovative agreement” with the French energy giant so that the “American people will no longer pay for ideological subsidies that benefited only the unreliable and costly offshore wind industry.”

The tactical shift comes after federal courts have thwarted President Donald Trump’s efforts to stop offshore wind through executive action.

U.S. Sen. Chuck Schumer, a New York Democrat, told The Associated Press on Tuesday that the payment “sets a dangerous precedent and is a shortsighted misuse of taxpayer dollars.”

Robin Shaffer, president of the anti-offshore wind group Protect Our Coast New Jersey, applauded what he called “out of the box” thinking. Shaffer said after losing in the courts, the administration needed a way to take back leases that never should have been issued because of the harm offshore wind development causes to the marine environment.

Read the full article at The Associated Press

Trump administration to pay French company $1B to walk away from US offshore wind leases

March 24, 2026 — 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.

President Donald Trump’s administration has tried to halt offshore wind construction, but federal judges repeatedly overturned those orders.

The Interior Department hailed the “innovative agreement” with the French energy giant and said, “the American people will no longer pay for ideological subsidies that benefited only the unreliable and costly offshore wind industry.″

Environmental groups denounced the deal as an alternate way to block wind projects, with one group calling it a “billion-dollar bribe” to kill clean energy.

Read the full article at The Associated Press