TOTAL: Renewables: Total Enters Floating Offshore Wind with a First Project in the UK
19 Marzo 2020 - 1:26AM
UK Regulatory
TIDMTTA
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) positions itself on the
floating offshore wind segment in line with its strategy to develop
renewable energy.
The Group has signed an agreement with the developer Simply Blue
Energy to acquire 80% stake in the pioneering floating wind project
Erebus located in the Celtic Sea, in Wales. The project will have a
96 megawatts capacity and will be installed in an area with water
depth of 70 meters. This makes Total one of the first movers in
this technology in the UK, the world's largest offshore wind
market.
While offshore wind has so far mainly developed in shallow water
depths based on fixed bottom technology, floating wind offshore is
set for strong growth in the years to come. This emerging
technology has wide potential, opening access to sites further
offshore, which have less impact on the landscape, and benefit from
very high wind resources.
"With its entry into floating offshore wind, Total confirms its
ambition to contribute to the development of renewable energy
worldwide. Floating offshore wind is an extremely promising and
technical segment where Total brings its extensive expertise in
offshore operations & maintenance. Total has the appropriate
skills to meet the technological and financial requirements that
determine the success of future floating offshore developments,"
said Patrick Pouyanné, Chairman & CEO of Total.
Total and Low-Carbon Electricity
Total has integrated climate change into its strategy, and is
staying ahead of new energy market trends by building a portfolio
of low-carbon businesses that could account for 15 to 20% of its
sales by 2040. Total's gross low-carbon power generation capacity
worldwide is currently close to 7 gigawatts, including 3 gigawatts
from renewable energies.
About Total
Total is a major energy player that produces and markets fuels,
natural gas and low-carbon electricity. Our 100,000 employees are
committed to better energy that is safer, more affordable, cleaner
and accessible to as many people as possible. Active in more than
130 countries, our ambition is to become the responsible energy
major.
Cautionary Note
This press release, from which no legal consequences may be
drawn, is for information purposes only. The entities in which
TOTAL S.A. directly or indirectly owns investments are separate
legal entities. TOTAL S.A. has no liability for their acts or
omissions. In this document, the terms "Total", "Total Group" and
Group are sometimes used for convenience. 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 TOTAL S.A. 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.
Total
Media Relations: +33 1 47 44 46 99 l presse@total.com l
@TotalPress
Investor Relations: +44 (0)207 719 7962 l ir@total.com
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SOURCE: TOTAL
Copyright Business Wire 2020
(END) Dow Jones Newswires
March 19, 2020 03:26 ET (07:26 GMT)
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