Engie Explores Offshore Wind Refund Deal Amid US Policy Shift

CEO Catherine MacGregor confirmed ongoing talks, noting an agreement remains possible depending on negotiations.

The move follows TotalEnergies redirecting nearly $1 billion investment toward U.S. oil and gas projects.

Engie paused three offshore wind developments in the United States amid shifting regulatory conditions.

The company also recorded impairments tied to its Ocean Winds joint venture.

MacGregor emphasized confidence in offshore wind energy, citing long-term economic and environmental benefits.

She highlighted the importance of careful planning and stakeholder engagement, particularly with local fishing communities.

Despite current challenges, Engie expects policy conditions to evolve, supporting future project development.

The company continues evaluating strategic options to balance investment priorities and maintain energy transition goals.

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