TIDMTTE
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).
TotalEnergies Contacts
Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com
l @TotalEnergiesPR
Investor Relations: +33 (0)1 47 44 46 46 l
ir@totalenergies.com
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CONTACT:
TotalEnergies
SOURCE: TotalEnergies SE
Copyright Business Wire 2022
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