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REG-TotalEnergies SE France: TotalEnergies Selected by the State as Operator of the Country’s Largest Renewable Energy Project

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France: TotalEnergies Selected by the State as Operator of the Country’s
Largest Renewable Energy Project


 * TotalEnergies, in partnership with RWE, has been awarded the “Centre Manche
2” offshore wind tender as operator.


 * The project will represent an overall investment of approximately €4.5
billion, the largest made by TotalEnergies in the country in the past 30
years.


 * TotalEnergies made commitments on job creation in France, especially in
Normandy, and chose to implement a European preference policy for major
equipment, notably wind turbines and electricity cables.


 * The 1.5 GW wind farm will supply green electricity to over 1 million
households at a competitive price.

 

The consortium formed by TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and
RWE has been selected by the Ministry in charge of Industry and Energy as the
winner of the Centre Manche 2 (AO8) offshore wind tender. The consortium will
be responsible for designing, developing, building, and operating a 1.5
gigawatt (GW) offshore wind farm off the coast of Normandy.

The Largest Renewable Project Ever Developed in France

Located more than 40 km off the coast of Normandy, this will be the largest
renewable energy project ever developed in France. Once built, it will
generate approximately 6 TWh per year and supply green electricity to the
equivalent of over 1 million French households. The electricity will be sold
at a competitive price of €66/MWh, as set by the tender.

TotalEnergies will be the operator of the project, relying on its expertise in
offshore wind and the management of large-scale marine energy projects. The
Company will continue the necessary studies to reach a final investment
decision by early 2029. Electricity production is expected to begin in 2033,
in line with RTE’s grid connection schedule.

“We are very proud to have won this tender for the construction of the
largest renewable energy park in France to date. It embodies Total’s
transformation into TotalEnergies in France. This project will be the largest
investment made by TotalEnergies in France in decades and reflects our
Company’s deep commitment to our country. As a long-standing player in
Normandy, we are determined to mobilize our expertise to ensure this project
is an industrial success while securing its acceptance by the region. We will
work to support the local industrial ecosystem, which has already developed
skills through the first offshore wind projects currently being installed.
Finally, this project strengthens our development in green electricity
production to offer competitive prices to our French customers”, said
Patrick Pouyanné, Chairman and CEO of TotalEnergies.

As part of a strategic review of its investments, RWE has expressed the wish
to exit the consortium, subject to French authorities’ approval. In any
case, TotalEnergies will pursue the project, assuming all the commitments of
the consortium, and will propose to bring a new partner into the project.

A €4.5 billion investment that will benefit the Normandy region and the
European industry

The project is expected to represent a €4.5 billion investment and generate
significant economic benefits for the Normandy region. Up to 2,500 people will
be employed during the three years of construction, and TotalEnergies has
committed to offering 500,000 hours of work to apprentices and individuals in
professional reintegration. TotalEnergies also plans to engage the local
economic ecosystem, which has already developed expertise in offshore wind.

The project will also benefit the European industry, as TotalEnergies intends
to source primarily from European suppliers, particularly for wind turbines
and electrical cables.

TotalEnergies will ensure the proper integration of the project into the
region

In the coming months, a dedicated TotalEnergies team, based in Normandy, will
continue the consultation work with local and regional stakeholders that began
during the tender phase. It will ensure the proper integration of the project
into the Normandy region, especially its coexistence with commercial fishing.

TotalEnergies will also implement crowdfunding financing that will allow local
residents and authorities in the Normandy region to invest in the project and
directly contribute to the energy transition of their territory. Additionally,
TotalEnergies will fund a €10 million territorial fund to support
initiatives in training, education, and culture in Normandy.

On environmental matters, TotalEnergies will allocate €45 million to
measures aimed at avoiding, reducing, and offsetting the project’s impacts;
as well as €15 million to a biodiversity promotion fund in Normandy.

Finally, TotalEnergies has committed to making this project exemplary in terms
of recycling offshore wind farm components, with recycling, reuse, or
repurposing rates of blades, towers, and nacelles equal to or greater than
95%, and 100% of generator magnets being recycled or reused.

TotalEnergies in France: a historic territorial presence

A leading economic player rooted in France for over a century, TotalEnergies
continues to invest in the country to contribute to energy security and the
supply of fuels, gas, and electricity across the territory.

Since 2020, while transforming its energy offer, TotalEnergies has invested
more than €8 billion in France, nearly half of which has supported the
energy transition of its assets and for its customers. With a renewable
portfolio of 660 wind, solar, hydro, and battery storage plants, TotalEnergies
meets the electricity needs of the equivalent of 1.8 million people in France,
ranking among the top three renewable electricity providers in the country
with over 2 GW of installed capacity. TotalEnergies supplies electricity and
gas to 4.2 million residential and business customers.

***

TotalEnergies and offshore wind

TotalEnergies’ portfolio in offshore wind has a total capacity of 25 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 and Centre Manche 2), the United States
(Attentive Energy and Carolina Long Bay), in the Netherlands (OranjeWind), in
Germany (Nordsee Energies 1, 2 & 3, Ostsee Energies, WindBostel Ost et
West).

About TotalEnergies

TotalEnergies is a global integrated energy company that produces and markets
energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen,
renewables and electricity. Our more than 100,000 employees are committed to
provide as many people as possible with energy that is more reliable, more
affordable and more sustainable. Active in about 120 countries, TotalEnergies
places sustainability at the heart of its strategy, its projects and its
operations.

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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 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 

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