TIDMTTE
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and its partner
SSE Renewables are pleased to announce that their Seagreen offshore
wind farm is now fully operational and running at its design
capacity of 1,075 MW.
Seagreen is a joint venture between TotalEnergies (51%) and SSE
Renewables (49%). It is located in the North Sea, some 27 km off
the coast of Angus. It is TotalEnergies' biggest operational
offshore wind farm worldwide and the world's deepest fixed bottom
wind farm, with its foundation reaching nearly 60 meters below sea
level.
The project, which began construction in June 2020, has been
completed in around 3 years for a global investment of around $4
billion, globally in line with the expected capex. The development
and construction were led, with the support of TotalEnergies, by
SSE which will now operate the offshore wind farm for its expected
25-year lifetime.
The 1,075 MW offshore wind farm has the capacity to generate
around 5 terawatt hours (TWh), or enough renewable electricity to
power almost 1.6 million homes annually, equivalent to two-thirds
of all Scottish homes. Seagreen will also prevent the emission of
over 2 million tons of CO(2) from fossil fuel electricity
generation every year.
Consistently with its business model, TotalEnergies will
commercialize, through Seagreen, its share of production through a
mix of a long-term contract at guaranteed price, including a
15-year CfD (Contract for Difference) awarded by the UK Government,
and a 15-year private CfD with the SSE Group, and short-term sales
on the wholesale market.
<< I am very pleased to see Seagreen generating at full
power, making it TotalEnergies' biggest offshore wind farm
worldwide. This 1 GW project is a new step in delivering our
strategy of building a world-class, cost-competitive portfolio of
renewable energy to deliver clean, reliable and affordable power to
our customers. It will positively contribute to achieving our
Integrated Power 12% profitability target and our objective of
reaching more than 100 TWh of power generation by 2030, >>
said Patrick Pouyanné, Chairman and CEO of TotalEnergies. <<
Our participation in the project alongside SSE has enabled us to
strengthen our offshore wind expertise which will be extremely
useful for our future projects in the United Kingdom, the
United-States and Germany. It's also very good news for Scotland,
as Seagreen makes a significant contribution to the country's net
zero ambition for 2045. >>
<< The Seagreen offshore windfarm is a fantastic example
of the work being done to unleash Scotland's renewable potential,
as we seek to lead the world in the transition to net zero,
>> said the First Minister of Scotland, Humza Yousaf.
<< This significant milestone for Seagreen is also
significant for Scotland, taking us a step closer to creating a net
zero energy system that delivers affordable, secure and clean
energy. Delivering on our climate obligations is an absolute
priority for the Scottish Government -- so too is our unwavering
commitment to a just transition for workers. We are determined to
maximize the economic opportunity Scotland's offshore wind
potential presents, by developing local supply chains, embedding
innovation, boosting skills, creating jobs, and benefiting people
and communities. >>
<< This is a big milestone for Seagreen and for Scotland.
It shows that this country not only has world-class renewable
resources but also world-class teams able to deliver major clean
energy projects at scale. Seagreen's ability to power up to 1.6
million homes will make a significant contribution to energy
security and extend Scotland and the UK's leadership in clean
energy generation, >> said Alistair Phillips-Davies, Chief
Executive of SSE plc. << But if we are to fully realise this
country's potential we need many more Seagreens and we look forward
to working with governments, partners, investors and local
communities to bring more landmark projects like this forward in
the future. >>
***
TotalEnergies and offshore wind
TotalEnergies' portfolio in offshore wind has a total capacity
of more than 13 GW, with most farms bottom-fixed. These projects
are located in the United Kingdom (Seagreen, Outer Dowsing, West of
Orkney, Erebus), South Korea (Bada), Taiwan (Yunlin, Haiding 2),
France (Eolmed), the United States (Attentive Energy and North
Carolina), and Germany (N-12.1 and 0-2.2). The Company has also
been qualified to participate in competitive tenders in the US, UK,
and France, and will participate in tenders in Norway and
Poland.
TotalEnergies and electricity
As part of its ambition to get to net zero by 2050,
TotalEnergies is building a world class cost-competitive portfolio
combining renewables (solar, onshore and offshore wind) and
flexible assets (CCGT, storage) to deliver clean firm power to its
customers. In 2022, TotalEnergies generated more than 33 TWh of
electricity, and had a gross renewable electricity generation
installed capacity of 17 GW. TotalEnergies will continue to expand
this business to grow its power generation to more than 100 TWh 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
nearly 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
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 Universal 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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SOURCE: TotalEnergies SE
Copyright Business Wire 2023
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