Trump administration will pay $1B to block 2 offshore wind farms

By: Alex Brown

Outlets: Stateline

Published: March 24, 2026

Words: 352

Last Updated: 4 months, 1 week ago

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The U.S. government will pay a French energy firm nearly $1 billion to cancel its plans to build a pair of wind farms off the East Coast, the Trump administration announced Monday in its latest move to stymie offshore wind.

The French firm TotalEnergies will forfeit its leases for projects off the coasts of New York and North Carolina, with the United States paying $928 million to reimburse what the company initially spent on …

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