TotalEnergies SE has halted the development of an offshore wind farm it plans to build off the coast of New York, as US President-elect Donald Trump has vowed to obstruct the green industry championed by his predecessor.

TotalEnergies SE said it would halt the project in what industry observers say is a sign of things to come under a second Trump administration.

French company TotalEnergies has halted development of its planned offshore wind farm off the coast of New York following the victory of president-elect Donald Trump, who has vowed to kill such projects on day one of his second term.

The move by the French oil and gas giant is one of the first tangible signs of a halt in investment in renewable power sources due to the incoming administration. Trump said during the presidential campaign that he would target the offshore wind industry with an executive action on his first day in office.