Total has signed an agreement with Simply Blue Energy to acquire an 80% stake in a floating wind energy project being built in the Celtic Sea in Wales.
The 96MW Erebus wind project will be installed in an area with a water depth of 70 meters.
The project is Total’s first of its kind in the UK.
Patrick Pouyanne, the CEO of Total, said: “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.”
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The acquisition of the project falls under efforts by Total to expand its business in renewables. The firm has set a goal to have 15 to 20% of its sales to come from low-carbon energy business by 2040.
Today, Total has installed 3GW of renewable energy capacity.