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TotalEnergies pauses US offshore wind project after Trump victory, CEO says
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TotalEnergies pauses US offshore wind project after Trump victory, CEO says
Nov 26, 2024 10:31 AM

LONDON, Nov 26 - 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.

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