Trump kills two offshore wind farms by buying projects for nearly $1 billion

Published March 23, 2026 11:26am ET



The Trump administration is spending nearly $1 billion to prevent the construction of two offshore wind farms along the East Coast, marking the latest creative step officials have taken to stop any wind projects from being completed under President Donald Trump

Interior Secretary Doug Burgum announced the deal on Monday, saying the administration would pay the French energy company TotalEnergies $928 million to cancel the two projects’ federal water leases. 

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