REG-TotalEnergies SE Floating Offshore Wind: TotalEnergies, Green Investment Group and Qair Join Forces to Bid for the Southern Brittany Tender

TotalEnergies SEAnnouncement

23/09/2021 11:35

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Floating Offshore Wind: TotalEnergies, Green Investment Group and Qair Join
Forces to Bid for the Southern Brittany Tender

 

A consortium of TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), Green
Investment Group (GIG) and Qair has been pre-selected by the Direction
Générale de l’Energie et du Climat (“DGEC”) to participate in an
upcoming competitive tender for the development of a floating wind farm of up
to 270 MW in Southern Brittany. Through the tender, the consortium will bid to
develop a project that will produce enough green energy to power the
equivalent of 250,000 homes across France.

The consortium believes the Southern Brittany tender round is a key step in
the deployment of this new technology and will help foster the development of
a cutting-edge industry in France.

A sustainable development opportunity for Brittany

TotalEnergies, GIG and Qair are committed to working closely with local
stakeholders and utilizing the local supply chain wherever possible to
maximise the economic benefits to the regions of Brittany.

A key consortium

The consortium intends to leverage the member’s unique mix of local
knowledge, financial expertise, technical proficiency, their experience in
renewable energy, as well as their ambitions for the growth of the floating
offshore wind sector:


 * TotalEnergies, a broad energy company, has expertise in offshore operations
and maintenance thanks to its historical activities. TotalEnergies is already
developing and building offshore wind projects with a cumulative capacity of
approximately 6 GW, including three floating offshore wind projects in Europe
and Asia.

 * Green Investment Group is a global leader in green energy investment and
development, which has committed over €30 billion to the sector to date.
With a total global portfolio of 14 GW, GIG is one of the world's largest
players in the offshore wind sector.

 * Qair, an independent producer of exclusively renewable energy and a pioneer in
floating wind power in France, has more than 30 years of experience in the
field and a strong local presence in France.

A proven track record

This joint bid is based on a productive history between the members of the
consortium:


 * Over 2 GW of floating wind projects in South Korea (GIG and TotalEnergies),

 * the 1.5 GW bottom-fixed Outer Dowsing offshore wind project in the UK (GIG and
TotalEnergies),

 * the Eolmed floating offshore wind pilot project in France (Qair and
TotalEnergies)

"We are delighted to join forces with our partners Qair and GIG once again, to
contribute to the French energy transition and the development of the Brittany
region. Thanks to our expertise in offshore projects and the development of
renewable projects, we have the resources to meet the technical and financial
challenges of the project." said Julien Pouget, Senior Vice President
Renewables at TotalEnergies

“The deployment of floating offshore wind at scale is critical to realizing
the full potential of France, and the world’s, wind resource. With its deep
waters and industrial heritage, Brittany is fantastically placed to unlock
this new sector, creating significant job and investment opportunities.”
said Edward Northam, Head of GIG Europe

“We are pleased to bring together our complementary expertise in the
development, financing, construction and operation of renewable energy
projects to contribute to the growth of the French floating offshore wind
industry, built around an industrial project anchored in Brittany.” said
Louis Blanchard, President of Qair

***

TotalEnergies, renewables and electricity

As part of its ambition to get to net zero by 2050, TotalEnergies is building
a portfolio of activities in renewables and electricity that should account
for up to 40% of its sales by 2050. At the end of 2020, TotalEnergies’ gross
power generation capacity worldwide was around 12 GW, including 7 GW of
renewable energy. TotalEnergies will continue to expand this business to reach
35 GW of gross production capacity from renewable sources by 2025, and then
100 GW by 2030 with the objective of being among the world's top 5 in
renewable energies.

About TotalEnergies

TotalEnergies is a broad energy company that produces and markets energies on
a global scale: oil and biofuels, natural gas and green gases, renewables and
electricity. Our 105,000 employees are committed to energy that is ever more
affordable, clean, 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.

About GIG

Macquarie’s Green Investment Group (GIG) is a specialist in green
infrastructure principal investment, project development and delivery, green
impact advisory and the management of portfolio assets. Its track record,
expertise and capability make it a global leader in green investment and
development, dedicated to accelerating the green transition. Initially
launched by the UK Government in 2012 as the Green Investment Bank, it was the
first institution of its type in the world. It was purchased by Macquarie in
2017 and combined with Macquarie Capital’s renewables team to create one of
the world’s largest teams of specialist green infrastructure developers and
investors. Now operating as the Green Investment Group, the business and its
operating platforms have investments or operations in over 25 markets, more
than 450 staff and a global development pipeline of 30 GW.
(www.greeninvestmentgroup.com
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About Qair

Qair is an independent producer of exclusively renewable energy developing,
financing, constructing, and operating wind, solar, hydroelectric and green
hydrogen production projects on own account. Active in 16 countries across
Europe, Latin America, Africa and Asia, with its 300 employees committed to
the energy transition, Qair’s ambition is to become an independent leader in
responsible energy.

Its subsidiary Qair Marine, dedicated to the development of renewable marine
energies, mainly owns the EolMed project: a 30 MW floating offshore wind farm
off the coast of Gruissan (Aude) and has contributed to the maintenance and
operation of FloatGen, the first French floating wind turbine.
(www.qair.energy
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Twitter: @TotalEnergies
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Cautionary Note

This press release, from which no legal consequences may be drawn, is for
information purposes only. The entities in which TotalEnergies SE directly or
indirectly owns investments are separate legal entities. TotalEnergies SE has
no liability for their acts or omissions. The terms “Company” or
“TotalEnergies company” refer collectively to the company TotalEnergies SE
and the companies it controls directly or indirectly. Such terms are used
solely for the sake of convenience for purposes of the present communication.
Likewise, the words “we”, “us” and “our” may also be used to refer
to subsidiaries in general or to those who work for them. 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.

TotalEnergies 

Media Relations: +33 1 47 44 46 99 l presse@totalenergies.com
(mailto:presse@totalenergies.com) l @TotalEnergiesPR 
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Investor Relations: +44 (0)207 719 7962 l ir@totalenergies.com
(mailto:ir@totalenergies.com)

GIG 

Corporate Affairs: Lindsay Roberts l +44 7920 212813

lindsay.roberts@greeninvestmentgroup.com
(mailto:lindsay.roberts@greeninvestmentgroup.com)

Qair 

Communication: communication@qair.energy (mailto:communication@qair.energy)



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