ENXTPA:ENGIIntegrated Utilities
Engie Pauses US Offshore Wind As Policy Risks Cloud Growth Plans
Engie (ENXTPA:ENGI) is seeking potential refunds on leases tied to its US offshore wind projects.
The company has paused three US offshore wind projects while it evaluates policy and regulatory uncertainty.
These actions come alongside impairments related to its Ocean Winds joint venture in offshore wind.
Engie, a major European utility with a large renewables footprint, has treated the US as an important offshore wind market. The decision to halt three projects and pursue lease refunds...