Total invests in the largest floating wind farm

The French oil and gas giant Total announced the purchase of an 80% stake in the offshore floating wind energy project Erebus, which is being implemented in the Celtic Sea in the Atlantic, Renen reports.

The seller was the developer, the British company Simply Blue Energy.

A 96 MW floating wind farm will be commissioned in mid-2020, as planned.

“By entering offshore wind power, Total confirms its commitment to contribute to the development of renewable energy around the world. Offshore wind energy is an extremely promising segment in which Total can bring its vast experience in the operation and maintenance of offshore facilities. Total has the appropriate skills to meet the technological and financial requirements that determine the success of future offshore floating developments”, said Patrick Pouyanne, Chairman and CEO at Total.

By 2025, Total plans to increase its renewable capacity to 25 GW.

It was previously reported that Total would build an energy storage system based on lithium-ion batteries in France.

Tags: gas, contracts, oil, renewable energy, solar energy, wind energy, legislation, EU, gas production, добыча нефти, foreign affairs, renewables, energy storage, investments, offshore wind farm, ecology, decarbonisation, energy sector, innovations, technologies, electricity transmission

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