$4.4B wind farm project off New York coast ‘on pause’ after Trump election victory

November 27, 2024 | nypost.com

Credit: Image by Andrew Martin from Pixabay

A French energy giant is halting a plan to build an offshore wind farm near the New York-New Jersey coastline following President-elect Donald Trump’s victory earlier this month. 

TotalEnergies SE, the Paris-based oil and gas conglomerate, said it would halt the project in what industry observers say is a sign of things to come under a second Trump administration.

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NJ SEED: A partnership of TotalEnergies and global developer Corio said it remains committed to advancing offshore wind to power New Jersey despite hitting the pause button on a sister project to serve New York.