Core Viewpoint - TotalEnergies has secured a significant contract worth 4.5 billion euros ($5.30 billion) from the French government for the development and construction of a 1.5 gigawatts wind farm off the coast of Normandy in collaboration with RWE [1] Company Summary - TotalEnergies is partnering with RWE in a consortium to execute the wind farm project [1] - The project represents a substantial investment in renewable energy infrastructure by TotalEnergies [1] Industry Summary - The contract highlights the growing trend and commitment towards renewable energy projects in France, particularly in offshore wind energy [1] - The development of the 1.5 gigawatts wind farm aligns with global efforts to transition to sustainable energy sources [1]

Project Status - A 5 billion USD wind farm project off the New England coast was 80% complete [1] - The project received a stop-work order from the Trump administration [1] Industry Impact - Workers and suppliers involved in the wind farm project are in limbo [1]

Group 1 - Orsted shares fell over 25% after announcing a 60 billion Danish kroner ($9.4 billion) rights issue due to a "material adverse development" in the U.S. market [1][2] - The adverse development has hindered the company's ability to raise funds from a planned partial divestment of its Sunrise Wind project off the coast of New York [1] - Existing shareholders will have the first refusal on the new shares being offered in the rights issue [2]