"Trump Officials Weigh New $1 Billion Deal to Stop Offshore Wind Farms"

"Proposed settlements would block wind farms off New York State and North Carolina, according to documents reviewed by The New York Times."

"The Trump administration is considering a new strategy for throttling the country’s offshore wind industry, after federal judges blocked its five previous attempts to stop wind farms under construction off the East Coast.

Senior administration officials are drafting settlement agreements that would pay nearly $1 billion to TotalEnergies, the French energy company behind two wind farms off New York State and North Carolina, according to documents reviewed by The New York Times, including copies of the agreements.

Under the terms of the proposed settlements, the Interior Department would cancel the leases in federal waters for the two projects, known as Attentive Energy and Carolina Long Bay, the documents show. The Justice Department would then pay more than $928 million to TotalEnergies, reimbursing the company for its winning bids in lease sales during the Biden administration.

In exchange, TotalEnergies would abandon its plans to begin building the wind farms. It would also commit to investing in natural gas infrastructure in Texas, as the Trump administration prioritizes the production of fossil fuels over renewables like wind and solar power."

Maxine Joselow reports for the New York Times March 17, 2026.

Source: NYTimes, 03/18/2026