LONDON – TotalEnergies (NYSE: TTE) 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 the 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.
