--- title: "Trump pays $2B to halt offshore wind as rivals expand" type: "News" locale: "en" url: "https://longbridge.com/en/news/286453244.md" description: "The Trump administration is spending $2 billion to buy back leases from companies like TotalEnergies, effectively halting U.S. offshore wind projects and shifting investments to oil and gas. This move comes as China expands its offshore wind capacity significantly. Congressional Democrats and state agencies are pushing back, claiming these payouts violate laws and misuse taxpayer funds, and they are committed to holding accountable those involved." datetime: "2026-05-14T18:21:18.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286453244.md) - [en](https://longbridge.com/en/news/286453244.md) - [zh-HK](https://longbridge.com/zh-HK/news/286453244.md) --- # Trump pays $2B to halt offshore wind as rivals expand Massive lease buybacks: The administration is paying firms like TotalEnergies to cancel U.S. offshore wind projects, redirecting investment toward oil and gas. Global boom ignored: While the U.S. retreats, China added 6.6 gigawatts of offshore wind in 2025 and leads a global surge in clean energy capacity. Legal and political pushback: Congressional Democrats and state agencies allege the payouts violate laws and misuse taxpayer funds, vowing to hold companies and officials accountable. ### Related Stocks - [TTE.US](https://longbridge.com/en/quote/TTE.US.md) - [IEO.US](https://longbridge.com/en/quote/IEO.US.md) - [VDE.US](https://longbridge.com/en/quote/VDE.US.md) - [IXC.US](https://longbridge.com/en/quote/IXC.US.md) - [XLE.US](https://longbridge.com/en/quote/XLE.US.md) - [XOP.US](https://longbridge.com/en/quote/XOP.US.md) ## Related News & Research - [Key facts: TotalEnergies $1B exit US offshore wind; MOU with EGAS](https://longbridge.com/en/news/286343170.md) - [Analyst backs TotalEnergies for long-term clean energy growth](https://longbridge.com/en/news/286686768.md) - [U.S. VICE PRESIDENT VANCE: BUT THAT'S NOT WHAT TRUMP OR IRAN WANTS](https://longbridge.com/en/news/286975771.md) - [TRUMP ON IRAN: THEY WON'T ACQUIRE A NUCLEAR WEAPON; WE WILL RESOLVE THE CONFLICT RAPIDLY](https://longbridge.com/en/news/286978249.md) - [How Trump’s trade push against Canada backfired](https://longbridge.com/en/news/286675578.md)