US to pay TotalEnergies $1 billion to stop developing offshore wind in US

Payment reimburses the company for two leases, one for a massive 3 GW wind farm.

Early report Major update Updated Mar 23, 2026, 7:30 PM UTC

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Ars Technica: US to pay TotalEnergies $1 billion to stop developing offshore wind in US.

First seen Mar 23, 2026, 7:30 PM UTC Latest source Mar 23, 2026, 7:30 PM UTC

Update 1 2h ago

Ars Technica •published Mar 23, 2026, 7:30 PM UTC •fetched Mar 23, 2026, 8:51 PM UTC