TotalEnergies has entered into settlement agreements with the US Department of the Interior to relinquish its Carolina Long Bay lease and New York Bight lease, both awarded in 2022, along with its partners. As a result, the company will discontinue the development of offshore wind projects in US. Additionally, under the terms of the agreement, TotalEnergies will recover the lease fees previously paid. Moreover, the company will allocate an equivalent amount towards the development of gas and power production and export activities in the country.
In February 2026, TotalEnergies entered into two long-term power purchase agreements to supply 1,000 MW of solar capacity to Google for its data centres in Texas over a 15-year period. The agreements cover renewable electricity generation of approximately 28 TWh during the contract term. Power will be sourced from two solar projects, namely the 805 MWp Wichita project and the 195 MWp Mustang Creek project.
In March 2026, TotalEnergies has signed an agreement with Allianz Global Investors to sell a 50 per cent stake in a portfolio of 11 battery energy storage system (BESS) projects currently under construction in Germany. The portfolio has a total capacity of 789 MW/1,628 MWh, and represents a combined investment of approximately €500 million, with about 70 per cent of the investment expected to be financed through debt. The completion of the transaction remains subject to customary regulatory approvals and closing conditions.