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

March 17, 2026March 17, 2026New York Times
Trump Officials Weigh New $1 Billion Deal to Stop Offshore Wind Farms
The C3 Take

  • Trump officials consider $1B settlement to cancel offshore wind projects. Draft agreements would reimburse nearly $928 million to TotalEnergies to abandon two planned projects—Attentive Energy off New York and Carolina Long Bay off North Carolina—after courts blocked earlier attempts to halt offshore wind development.

  • The approach could complicate broader energy policy debates. Paying developers to walk away from projects risks undermining momentum for the kind of bold permitting reform needed to build energy infrastructure of all types faster and more predictably.

Read more in the New York Times here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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