TotalEnergies is pursuing its profitable growth in the renewable energy sector with today’s announcement that it is buying out Total Eren’s other shareholders, increasing its stake from close to 30% to 100%.
Committed to develop the offshore wind technologies for renewable energy, TotalEnergies continues to promote research and development partnerships in Norway. The Company has selected the Norwegian Semar Honeymooring™ solution, aiming to reduce floating wind costs and seabed footprint. The innovative mooring solution is expected to reduce the development costs of TotalEnergies future Offshore Wind projects Norway and worldwide.
Consortium of Green Investment Group, TotalEnergies and RIDG responded to the ScotWind round bid for the ‘N1’ site near Orkney and Caithness.
Total becomes a 20% shareholder in the Eolmed floating wind farm pilot project, located in the Mediterranean, off the coast of Gruissan and near Port-La-Nouvelle (Occitan region).
Total positions itself on the floating offshore wind segment in line with its strategy to develop renewable energy.
Total has signed an agreement with EREN RE to accelerate its growth in the production of power from renewable sources. Total will acquire an indirect interest of 23% in EREN RE by subscribing to a capital increase for an amount of €237.5 million. The agreement also gives Total the possibility to take over control of EREN RE after a period of 5 years.
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