US govt pays TotalEnergies nearly $1B to stop US offshore wind projects

Offshore Wind Projects Halted 🏴‍☠️


The US government has agreed to pay TotalEnergies nearly $1 billion to terminate its US offshore wind projects, highlighting the economic challenges in the renewable energy sector. This deal underscores the difficulties in making these projects financially viable.

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https://news.ycombinator.com/item?id=47492599

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https://www.lemonde.fr/en/international/article/2026/03/23/us-and-totalenergies-reach-nearly-1-billion-deal-to-end-offshore-wind-projects_6751739_4.html

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lode

id: 1103
uid: kUcLN
insdate: 2026-03-23 19:05:16
title: US govt pays TotalEnergies nearly $1B to stop US offshore wind projects
additional:

Offshore Wind Projects Halted 🏴‍☠️


The US government has agreed to pay TotalEnergies nearly $1 billion to terminate its US offshore wind projects, highlighting the economic challenges in the renewable energy sector. This deal underscores the difficulties in making these projects financially viable.
category: Hacker News
md5:
guid: https://news.ycombinator.com/item?id=47492599
source_url: https://www.lemonde.fr/en/international/article/2026/03/23/us-and-totalenergies-reach-nearly-1-billion-deal-to-end-offshore-wind-projects_6751739_4.html
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author_name: lode
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