By Maitane Sardon

 

TotalEnergies SE said Thursday that it has partnered with offshore wind company Corio Generation to develop wind farms in Taiwan.

The French oil-and-gas major said the project, called Formosa 3, comprises three proposed wind farms on the central-western coast of Taiwan.

Under the agreement, Corio will remain the majority shareholder and lead developer in the project, Total said.

The wind farms, which could help Taiwan meet its green energy transition plans, represent a multi-billion investment from the partners and project lenders, the company added.

 

Write to Maitane Sardon at maitane.sardon@wsj.com

 

(END) Dow Jones Newswires

February 16, 2023 03:03 ET (08:03 GMT)

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