TotalEnergies US Offshore Wind Lease Exit — OCS-A 0538 (New York Bight) + OCS-A 0545 (Carolina Long Bay) relinquished for $928.3M federal reimbursement
TotalEnergies relinquishes two federal offshore wind leases to the US Department of the Interior in exchange for $928.3M reimbursement (matching original executed lease payments: $795M for NY Bight, $133.3M for Carolina Long Bay). Under the settlement, TotalEnergies must first invest $928M in US fossil fuel projects (Rio Grande LNG Trains 1–4, Gulf of Mexico upstream, shale gas, Alaska LNG) and pledges no future US offshore wind development. The NY Bight project (Attentive Energy, a TotalEnergies/EnBW JV) would have powered 1M+ homes in NY/NJ; Carolina Long Bay was ~1.3 GW off the NC coast. The deal effectively ends TotalEnergies' US offshore wind ambitions.
$928M
Deal Value
Offshore Wind
Technology
NY, NJ, NC
Location
Deal Details
- Deal Type
- Federal Lease Termination
- Seller / Sponsor
- TotalEnergies SE
- Buyer / Financier
- U.S. Department of the Interior
- Deal Value
- $928,333,333
- Stage
- Development
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