Business · Energy & Commodities · 11 hrs ago
TotalEnergies expands US renewable energy investments amid market fears
TotalEnergies is expanding its US renewable energy investments as other developers consider leaving the market.
CEO Patrick Pouyanné said the company sees opportunities despite expectations that US support for renewable energy will soon decline.
A 2025 tax law speeds the end of credits for wind and solar projects.
To qualify for incentives, most new projects must begin construction by July 2026 or start operating by the end of 2027.
Developers fear the US market could collapse in 2028 or 2030, but that uncertainty may let TotalEnergies buy projects from other companies.
The company says it is taking on new projects and increasing its focus on wind power.
Its next steps include buying projects under development and building them, Pouyanné said.
TotalEnergies is taking on new US renewable energy projects as other developers pull back amid uncertainty about the market.
Chief Executive Officer Patrick Pouyanné said the company sees the market as promising despite expected declines in support for renewable energy.
The company is increasing its focus on wind power and can acquire projects in development and take responsibility for building them.
A US tax law enacted in 2025 accelerated the removal of tax credits for wind and solar projects.
Many new projects must begin construction by July 2026 or start operating by the end of 2027 to qualify for incentives.
- Who
- French energy company TotalEnergies and its CEO, Patrick Pouyanné.
- What
- The company is taking on new US renewable energy projects and increasing its focus on wind power.
- When
- Pouyanné made the comments on Monday. The article was published on November 2, 2026.
- Where
- The United States.
- Why
- Market uncertainty and other developers’ concerns are creating opportunities for TotalEnergies to acquire projects and build them.
TotalEnergies
Developers concerned about the US renewable energy market
Market outlook
TotalEnergies
TotalEnergies considers the market promising and sees opportunities.
Developers concerned about the US renewable energy market
Developers worry that the market could collapse in 2028 or 2030.
Investment approach
TotalEnergies
TotalEnergies is taking on projects and increasing its focus on wind power.
Developers concerned about the US renewable energy market
Some developers are trying to withdraw from the market.
A US tax law took effect, accelerating the removal of tax credits for wind and solar projects.
New projects generally must have started construction by this date to qualify for tax incentives.
Pouyanné said TotalEnergies was taking on new projects as other developers pulled back.
New projects generally must be operating by this date to qualify for tax incentives.
- Company
- TotalEnergies
- Chief executive
- Patrick Pouyanné
- Tax law
- Enacted in the United States in 2025
- Construction deadline
- July 2026
- Operating deadline
- End of 2027
- Market concerns
- Possible collapse in 2028 or 2030
What people are saying
Everyone is worried, so this is a good market for us.
promising