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Total enters floating offshore wind sector with first UK project
As part of the company’s strategy to develop renewable energy, Total has signed an agreement with Simply Blue Energy to acquire an 80% stake in the Erebus floating wind project located in the Celtic Sea, Wales, UK. The project will have a 96 MW capacity and will be installed in a water depth of 70 meters.
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, reports Total.
Total has integrated climate change into its strategy and is looking to stay ahead of new energy market trends by building a portfolio of low carbon businesses that could account for 15–20% of its sales by 2040. The company’s gross low carbon power generation capacity worldwide is currently close to 7 GW, including 3 GW from renewable energies.
News Item details
Journal title: Petroleum Review
Countries: UK -
Subjects: Renewables, Climate change, Decarbonisation, Low carbon, Offshore wind, Energy transition
