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U.S. to pay French company $1B to scrap offshore wind projects

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Mar 24, 2026 - 14:00
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U.S. to pay French company $1B to scrap offshore wind projects
A giant industrial complex is shown at an area on a body of water.

The Trump administration will pay $1 billion to a France's TotalEnergies to walk away from two U.S. offshore wind leases as the administration ramps up its campaign against offshore wind and other renewable energy.

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