TotalEnergies Joint Ventures Win Renewable-Energy Supply Contract in New York State
October 25 2023 - 2:46AM
Dow Jones News
By Giulia Petroni
TotalEnergies said that it won a 25-year contract to supply 1.4
gigawatts of renewable electricity to the state of New York through
its U.S. joint venture Attentive Energy One.
The French energy major said the venture, which includes Corio
Generation and Rise Light & Power with a 25% and 35% share
respectively, aims to commission the project in 2029. TotalEnergies
has a 40% stake in the joint venture.
The Attentive Energy One project will see the construction of a
new General Electric facility to manufacture offshore wind-turbine
blades and nacelles--streamlined casings--and unlock $300 million
in investments in various projects across the state, TotalEnergies
said. It will also turn Rise's Ravenswood gas-fueled power plant
into a clean-energy hub in New York.
The project will benefit from a 40% Inflation Reduction Act tax
credit, according to the company.
Financial details weren't released.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
October 25, 2023 03:30 ET (07:30 GMT)
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