CleanTechnica•24 days ago
TotalEnergies Milks Trump For $1 Billion Offshore Wind Payout, Gets Last Laugh
Key Takeaway
A major developer's $1 billion payout to halt US offshore wind development signals significant market volatility and policy influence impacting future renewable energy supply.
AI Summary
- •TotalEnergies received a $1 billion payout to cease or delay its offshore wind development activities in the US.
- •This transaction highlights significant policy and political influence on the US offshore wind market, creating uncertainty for developers and investors.
- •For large power consumers and IPPs, this signals potential shifts in the future supply pipeline of US offshore wind and underscores the financial risks associated with policy volatility in renewable energy projects.
Topics
financingpolicywind
Article Content
The French firm TotalEnergies agrees not to build offshore wind farms in the US -- at least, not for the present time... The post TotalEnergies Milks Trump For $1 Billion Offshore Wind Payout, Gets Last Laugh appeared first on CleanTechnica .