REG-TotalEnergies SE Norway: TotalEnergies, Iberdrola and Norsk Havvind Join Forces for Offshore Wind Development

TotalEnergies SEAnnouncement

03/11/2021 09:35

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Norway: TotalEnergies, Iberdrola and Norsk Havvind Join Forces for Offshore
Wind Development

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), Iberdrola and Norsk Havvind
have joined forces to respond to the Norwegian authorities' call for tenders
for the development of floating and bottom-fixed wind projects for a cumulated
capacity of 4.5 GW at two offshore sites in southern Norway.

The consortium will leverage in its offer the proven technical expertise of
its members in both bottom fixed and floating offshore wind, as well as its
in-depth knowledge of the challenges, territories and stakeholders in Norway.
Besides, on successful award, the consortium will focus on strengthening the
local industrial competencies and ensuring the successful development of the
Norwegian offshore wind supply chain.

"Investing in energy projects in Norway and the North Sea has been at the
heart of TotalEnergies' history for several decades, especially in developing
the offshore industry. As a global multi-energy company, TotalEnergies is
therefore delighted to join forces with Iberdrola and Norsk Havvind to develop
Norway's great offshore wind potential”. said Olivier Terneaud, VP offshore
wind at TotalEnergies. “The energy transition is gathering speed and Norway,
with its world-class wind resources, is a great place to invest in new
energy”.

“This agreement in Norway fits with Iberdrola's strategy to consolidate its
position as the world's largest renewable energy company and builds on
previous transactions and investments in offshore wind carried out by the
company in recent years. We see very good long-term potential for offshore
wind projects in the Norwegian market and are determined to strengthen skills
and the supply chain in the North Sea offshore wind industry,” said David
Rowland, Offshore Wind Business Development Director at Iberdrola.

“Together with our partners Iberdrola and TotalEnergies we will work hard to
develop the Norwegian offshore wind industry, reduce emissions and create new
jobs for the Norwegian supply chain”, said Peder Sortland, CEO at Norsk
Havvind.

***

TotalEnergies and offshore wind

TotalEnergies is already developing a portfolio of offshore wind projects with
a total capacity of more than 6 gigawatts, of which 2/3 are bottom-fixed and
1/3 are floating. These projects are located in the United Kingdom (Seagreen
project, Outer Dowsing, Erebus), South Korea (Bada project), Taiwan (Yunlin
project), and France (Eolmed project). The Company has also been qualified to
participate in competitive tenders in the US, UK, France, Denmark and Norway.

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
September 2021, TotalEnergies' gross renewable electricity generation capacity
is 10 GW. 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 producers of
electricity from wind and solar energy.

About TotalEnergies

TotalEnergies is a global multi-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, 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 Iberdrola

Iberdrola
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is one of the world's biggest energy companies, a leader in renewables, which
is spearheading the energy transition to a low carbon economy. The group
supplies energy to almost 100 million people in dozens of countries. It
carries out renewables, networks and commercial activities in Europe (Spain,
the United Kingdom, Portugal, France, Germany, Italy and Greece), the United
States, Brazil, Mexico and Australia, and, as growth platforms, it is present
in markets such as Japan, Ireland, Sweden and Poland, among others.

With a workforce of more than 37,000 and assets in excess of €122.5 billion,
in 2020, it achieved a turnover of €33 billion and a net profit of over
€3.6 billion. The company contributes to sustain 400,000 jobs along its
supply chain, with annual procurement of €14 billion. A benchmark in the
fight against climate change, it has allocated more than €120 billion over
the last two decades to building a sustainable energy model, based on sound
environmental, social and governance (ESG) principles.

About Norsk Havvind

Norsk Havvind is a newly formed independent project developer for offshore
wind. The company is majority owned by Valinor. Valinor, through its
subsidiary Norsk Vind, has been the leading private developer of onshore wind
parks in Norway. Valinor has also invested in early-stage investments in
cutting-edge technology companies to enable solutions for tomorrow. The now
listed Zaptec AS is one example.

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.

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)

For more information, please call


 * CEO Norsk Havvind AS Peder Sortland, + 47 902 81 801, 
peso@norskhavvind.com (mailto:peso@norskhavvind.com)

 * TotalEnergies Corporate Affairs & Communications Director Henning Eide,
+47 918 66 728, 
henning.eide@totalenergies.com (mailto:henning.eide@totalenergies.com)

 * Iberdrola Communications, Eduardo González +34 638 146 175 
egonzalezf@iberdrola.es (mailto:egonzalezf@iberdrola.es)

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