REG-TotalEnergies SE Floating Offshore Wind in France: TotalEnergies, Corio Generation and Qair Join Forces to Bid for Mediterranean Tender

TotalEnergies SEAnnouncement

03/08/2022 07:45

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Floating Offshore Wind in France: TotalEnergies, Corio Generation and Qair
Join Forces to Bid for Mediterranean Tender

 

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.

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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
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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).

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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
(mailto:presse@totalenergies.com) l @TotalEnergiesPR
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Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com
(mailto:ir@totalenergies.com)



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