Energy

TotalEnergies pauses US offshore wind project after Trump victory, CEO says

Photo caption: TotalEnergies logo

 

TotalEnergies has paused development of a wind farm off the coast of New York after Donald Trump’s U.S. election victory, the French company’s CEO said on Tuesday.

The French energy group formed a joint venture in October 2023 for development of the Attentive Energy offshore wind project off the coast of New York.

“In offshore wind, I decided to put the project on pause, because all the offshore wind projects are in Democratic states … we’ll see better in four years,” Patrick Pouyanne told the Energy Intelligence Forum on Tuesday.

“The advantage is that it’s only for four years.”

Total owns 56% of the Attentive Energy project while partners Corio Generation and Rise Light & Power hold 27.7% and 16.3% stakes respectively.

====== Reuters ======

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