U.S. to pay $1 billion settlement to TotalEnergies for canceled wind farm leases

Summary

U.S. officials are preparing to pay TotalEnergies approximately $1 billion to settle claims related to canceled wind farm leases in federal waters off New York and North Carolina. The settlement involves the cancellation of the Attentive Energy and Carolina Long Bay projects, with TotalEnergies receiving over $928 million for its lease bids. Following the settlement, TotalEnergies will abandon its wind farm plans and invest in natural gas infrastructure in Texas.

Recent Coverage

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