Regulatory News:
A consortium of TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE),
Corio Generation and Qair has been pre-selected by the French
Directorate General for Energy and Climate (DGEC) to participate in
a competitive tender to develop two floating windfarms in the
Mediterranean Sea.
The two projects of about 250 MW each could supply enough clean
energy to meet the annual electricity consumption of almost one
million people.
Opportunity to develop an innovative value chain
The TotalEnergies, Corio Generation and Qair consortium is
delighted with this new call for tenders, which will help to
achieve France’s objective of 40 GW of offshore wind capacity by
2050.
The partners intend to support the development of a local
Mediterranean industrial value chain for offshore wind power. To
this end, the consortium plans to consult regional stakeholders,
promote the local economy and ensure communities benefit from
employment opportunities.
Combining complementary expertise
The consortium will leverage each company’s technical expertise,
strong financial resource and extensive experience in the offshore
wind sector:
- TotalEnergies, a multi-energy company, has expertise in
offshore operations and maintenance through its historical
activities. TotalEnergies is already developing offshore wind
projects with a combined capacity of more than 11 GW, including
more than 2 GW of floating projects in France, the United Kingdom
and South Korea.
- Corio Generation, a global specialist offshore wind
developer, has more than 20 GW of projects under development
worldwide, including 2.5 GW in floating wind. Corio is a portfolio
company, operating on a standalone basis, of Macquarie’s Green
Investment Group (GIG).
- Qair, a European renewable energy producer, is a French
pioneer in floating wind energy. With over 30 years of experience
and a strong local presence in France, Qair operates 1 GW of assets
and is developing a pipeline of 20 GW.
Proven cooperation in offshore wind
The consortium’s joint bid is based on a productive track-record
and partnership history, including on the following projects:
- The 250 MW floating windfarm tender in France’s South Brittany
region (Qair, TotalEnergies and Corio Generation),
- The 30 MW Eolmed floating offshore wind pilot project in France
(Qair and TotalEnergies),
- Over 2 GW of floating wind projects in South Korea (Corio and
TotalEnergies),
- The 2 GW West of Orkney Windfarm project in Scotland (Corio and
TotalEnergies),
- The 1.5 GW Outer Dowsing Offshore Wind project in the UK (Corio
and TotalEnergies).
"After Brittany’s tender, we are delighted to renew our
partnership with Qair and Corio to contribute to the development of
floating wind in the Mediterranean and thus to the energy
transition in France. If successful, we intend to mobilise our
collective expertise to provide the best solutions to meet the
technical, commercial and societal challenges of the project,"
said Olivier Terneaud, VP Offshore Wind at
TotalEnergies.
“Corio Generation is delighted to combine forces with
TotalEnergies and Qair. We truly believe France can become a world
leader in the development of offshore wind. With its deep waters
and industrial heritage, the Mediterranean is fantastically placed
to benefit from floating wind technology, creating significant job
and investment opportunities. Deploying new projects at scale will
be critical to realising the full potential of France’s wind
resources and unlocking a significant clean, reliable and
affordable source of electricity for generations to come,” said
Jonathan Cole, CEO of Corio Generation.
“We are happy to bring once again our partners TotalEnergies and
Corio together around their complementary expertise in the
development, financing and construction of offshore wind projects.
In association with the Mediterranean territories, we will be keen
to participate in the acceleration of the energy transition by
developing locally the French floating offshore wind industry to
come," said Jérôme Billerey, France Managing Director at
Qair.
***
TotalEnergies and offshore wind TotalEnergies is already
developing a portfolio of offshore wind projects with a total
capacity of more than 11 GW, of which 3/4 are bottom-fixed and 1/4
are floating. These projects are located in the United Kingdom
(Seagreen project, Outer Dowsing, Erebus, Valorous and West of
Orkney), South Korea (Bada project), Taiwan (Yunlin project),
France (Eolmed project) and the United States (New York Bight
project, North Carolina project). The Company has also been
qualified to participate in competitive tenders in the U.S., U.K.,
France and Netherlands, and will also participate in tenders in
Norway and Poland.
TotalEnergies and renewables electricity As part of its
ambition to get to net zero by 2050, TotalEnergies is building a
portfolio of activities in renewables and electricity. At the end
of June 2022, TotalEnergies' gross renewable electricity generation
capacity is 12 GW. TotalEnergies will continue to expand this
business to reach 35 GW of gross production capacity from renewable
sources and storage by 2025, and then 100 GW by 2030 with the
objective of being among the world's top 5 producers of electricity
from wind and solar energy.
About TotalEnergies TotalEnergies is a global
multi-energy company that produces and markets energies: oil and
biofuels, natural gas and green gases, renewables and electricity.
Our more than 100,000 employees are committed to energy that is
ever more affordable, cleaner, more 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.
@TotalEnergies l TotalEnergies l TotalEnergies
l TotalEnergies
About Corio Corio Generation is a specialist offshore
wind business dedicated to harnessing renewable energy worldwide.
With a unique blend of sector-leading expertise and deep access to
long-term capital, we work closely with our partners in the
creation and management of projects from origination, through
development and construction into operation. Corio’s 20+ GW
offshore wind development portfolio is one of the largest in the
world, spanning established and emerging markets, as well as
floating and traditional fixed-bottom technologies. These next
generation offshore wind projects will help form the backbone of
the net-zero global energy system while meeting the energy needs of
communities and corporate offtakers sustainably, reliably, safely
and responsibly. Corio Generation is a Green Investment Group (GIG)
portfolio company, operating on a standalone basis. GIG is a
specialist green investor within Macquarie Asset Management, part
of Macquarie Group.
For more information visit www.coriogeneration.com and follow us
on Twitter @CorioGeneration
About Qair Qair is a European renewable energy producer,
which develops, finances, builds and operates wind, solar,
hydroelectric and green hydrogen projects on its own behalf.
Committed to the energy transition in 21 countries across Europe,
Latin America, Africa and Asia, Qair’s 450 employees operate 1GW of
assets and develop a pipeline of over 20GW, including 2GW awarded
in Scotland. Qair aims to become an independent leader in
responsible energy.
A subsidiary of Qair Group, Qair France holds a majority
stake in Eolmed, the first floating offshore wind farm off Port-la
Nouvelle and Gruissan (Aude).
Find out more on qair.energy
Cautionary Note The terms “TotalEnergies”, “TotalEnergies
company” or “Company” in this document are used to designate
TotalEnergies SE and the consolidated entities that are directly or
indirectly controlled by TotalEnergies SE. Likewise, the words
“we”, “us” and “our” may also be used to refer to these entities or
to their employees. The entities in which TotalEnergies SE directly
or indirectly owns a shareholding are separate legal entities. 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. Information concerning risk factors, that may affect
TotalEnergies’ financial results or activities is provided in the
most recent Registration Document, the French-language version of
which is filed by TotalEnergies SE with the French securities
regulator Autorité des Marchés Financiers (AMF), and in the Form
20-F filed with the United States Securities and Exchange
Commission (SEC).
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