PARIS, April 21 (Reuters) - French utility Engie
is in talks with the Trump administration about a
possible refund for its U.S. offshore wind project leases amid
the president's opposition to the technology, CEO Catherine
MacGregor said on Tuesday.
Engie has paused three offshore wind projects in development
and booked impairments for its joint venture Ocean Winds since
Trump returned to the White House last year.
"We'll see about these terms, an agreement is possible
depending on the discussions," MacGregor said at a press
breakfast.
French oil major TotalEnergies has already
redirected nearly $1 billion (850 million euros) from offshore
wind leases to U.S. oil and natural gas production.
Trump has said he finds wind turbines ugly, costly and
inefficient, and his administration has moved to increase
domestic fossil fuel production.
"Economically and also in terms of public acceptance, I
strongly believe in offshore wind power. Of course, you have to
plan the projects well, you have to involve the fishermen,"
MacGregor said.
However, she added that developing offshore wind power in
the United States would remain a challenge as there are no clear
policy guidelines.
"New offshore wind projects are going to be complicated
regardless of the administration," MacGregor said.
(1 euro = $1.1759)