TIDMTTE
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), a global
multi-energy company, and Simply Blue Group, a pioneer in floating
offshore wind, launched a joint venture, TotalEnergies SBE US, to
unlock the vast potential for floating offshore wind projects in
the United States.
TotalEnergies SBE US will combine TotalEnergies' expertise in
large-scale offshore projects, Simply Blue Group's floating
know-how, and a team of pioneers of the U.S. offshore wind
industry, to unlock untapped deep-water opportunities that will
provide renewable electricity to millions of U.S. homes.
"Our ambition is to install 100 gigawatts of global renewable
power generation by 2030, part of which will come from floating
offshore wind projects. We are eager to see this partnership with
Simply Blue help our Company meet this goal," said Stéphane Michel,
President, Gas, Renewables & Power at TotalEnergies. "We are
convinced of the large potential of floating offshore wind to
provide U.S. coasts with renewable electricity, and are committed
to contribute our extensive expertise in offshore projects to make
it happen."
"The future and next frontier of U.S. offshore wind is floating.
This joint venture with TotalEnergies has everything we need to
deliver floating offshore wind on America's coasts," said Sam
Roch-Perks, CEO, Simply Blue. "Almost two-thirds of U.S. offshore
wind resources are found in deeper waters that require floating
wind platforms. TotalEnergies SBE US brings together the scale,
expertise, and international track record to responsibly develop
floating offshore wind power on all of America's coasts."
"Offshore wind has arrived. To bring its full benefits to
market, we need to go big and go deep," said Stephanie McClellan,
Ph.D., Chief of Strategy & Policy, TotalEnergies SBE US and
founder, Special Initiative on Offshore Wind. "TotalEnergies SBE US
will accelerate development of U.S. floating wind, and help states
and the federal government meet their clean power goals."
Today, TotalEnergies has over 6 GW of offshore wind in
development around the globe, of which over 40% is comprised of
floating offshore wind including over 2 GW of floating wind
projects in South Korea. Simply Blue Group has more than 3.2 GW of
offshore wind in development off Ireland and the UK.
***
About the U.S. offshore wind market
In March 2021, the Biden Administration set a 30 GW goal for
U.S. offshore wind by 2030. Deep waters off the coasts of
California, Oregon, Hawaii, Gulf Coast, and the East Coast hold as
much as 35 GW of development potential by 2040. Along with enabling
access to deep-water sites, floating wind offers additional
advantages: the winds are stronger and more stable away from the
coast, which allows for higher yields, and the wind turbines are
out of view from the coast. The global pipeline of floating
offshore wind projects more than tripled in 2020 alone to exceed 25
GW, according to the U.S. Department of Energy, with floating wind
costs decreasing rapidly. For the United States, the National
Renewable Energy Laboratory reports some 60% of viable offshore
wind resources can only be tapped using floating technologies.
TotalEnergies, renewables and electricity
As part of its ambition to get to net zero by 2050,
TotalEnergies is building a portfolio of activities in renewables
and electricity that should account for up to 40% of its sales by
2050. At the end of 2020, TotalEnergies' gross power generation
capacity worldwide was around 12 GW, including 7 GW of renewable
energy. TotalEnergies will continue to expand this business to
reach 35 GW of gross production capacity from renewable sources by
2025, and then 100 GW by 2030 with the objective of being among the
world's top 5 in renewable energies.
About TotalEnergies
TotalEnergies is a global multi-energy company that produces and
markets energies on a global scale: oil and biofuels, natural gas
and green gases, renewables and electricity. Our 105,000 employees
are committed to energy that is ever more affordable, clean,
reliable and accessible to as many people as possible. Active in
more than 130 countries, TotalEnergies puts sustainable development
in all its dimensions at the heart of its projects and operations
to contribute to the well-being of people.
Twitter: @TotalEnergies LinkedIn: TotalEnergies Facebook:
TotalEnergies Instagram: TotalEnergies
About TotalEnergies SBE US
TotalEnergies SBE US is a joint venture of TotalEnergies and
Simply Blue Group dedicated to developing and delivering floating
offshore wind power to U.S. coasts. TotalEnergies SBE US is a team
of experienced American developers directly connected to states and
local communities, who are committed to grow floating offshore wind
across the United States with the support of TotalEnergies, a
global multi-energy company with a diverse portfolio of renewable
assets.
About Simply Blue Group
Simply Blue Group, headquartered in Cork, Ireland, is a leading
blue economy developer focused on replacing fossil fuels with clean
ocean energy. It develops pioneering blue economy projects --
floating offshore wind, wave energy and low-impact aquaculture --
all in harmony with the oceans. The company has a pipeline of over
9 GW of floating offshore wind projects, primarily in the waters
off Ireland and the UK. Simply Blue is committed to creating new
economic opportunities for coastal communities, and developing
projects that co-exist with sustainable fisheries and marine
conservation. For more, go to: https://simplybluegroup.com and
http://www.simplybluegroup.com/USA. On Twitter @SimplyBlueUS.
Cautionary Note
This press release, from which no legal consequences may be
drawn, is for information purposes only. The entities in which
TotalEnergies SE directly or indirectly owns investments are
separate legal entities. TotalEnergies SE has no liability for
their acts or omissions. The terms "Company" or "TotalEnergies
company" refer collectively to the company TotalEnergies SE and the
companies it controls directly or indirectly. Such terms are used
solely for the sake of convenience for purposes of the present
communication. Likewise, the words "we", "us" and "our" may also be
used to refer to subsidiaries in general or to those who work for
them. This document may contain forward-looking information and
statements that are based on a number of economic data and
assumptions made in a given economic, competitive and regulatory
environment. They may prove to be inaccurate in the future and are
subject to a number of risk factors. Neither TotalEnergies SE nor
any of its subsidiaries assumes any obligation to update publicly
any forward-looking information or statement, objectives or trends
contained in this document whether as a result of new information,
future events or otherwise.
Simply Blue Contacts
Garth Neuffer, gneuffer@hotmail.com, 215-840-3692
Stephanie McClellan, steph.mcclellan@simplybluegroup.com,
302-943-8264
TotalEnergies Contacts
Media Relations: +33 1 47 44 46 99 l presse@totalenergies.com l
@TotalEnergiesPR
Investor Relations: +44 (0) 207 719 7962 l
ir@totalenergies.com
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https://www.businesswire.com/news/home/20211013005728/en/
CONTACT:
TotalEnergies SE
SOURCE: TotalEnergies SE
Copyright Business Wire 2021
(END) Dow Jones Newswires
October 13, 2021 09:35 ET (13:35 GMT)
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