REG-TotalEnergies SE Offshore wind: TotalEnergies, Green Investment Group and RIDG Reveal West of Orkney ScotWind Bid in Scotland

TotalEnergies SEAnnouncement

29/09/2021 07:50

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210929:nBwrH2Sda&default-theme=true


Offshore wind: TotalEnergies, Green Investment Group and RIDG Reveal West of
Orkney ScotWind Bid in Scotland


 *  Consortium of Green Investment Group, TotalEnergies and RIDG responded to
the ScotWind round bid for the ‘N1’ site near Orkney and Caithness.

 

A consortium of TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), Macquarie’s
Green Investment Group and Scottish developer RIDG has announced their bid for
an offshore wind project in an area west of the Orkney Islands. The
two-gigawatt proposal – named the West of Orkney Windfarm – has the
potential to power more than two million homes and is currently being assessed
by the Crown Estate Scotland as part of the ScotWind leasing round.

The bid is the culmination of five years of engagement between the consortium
and stakeholders in Caithness and Orkney, which includes Memorandums of
Understanding with Orkney Harbour Authority and Scrabster Harbour Trust to
enhance port infrastructure and position the area competitively to support
offshore wind projects in the future.

An exclusive Memorandum of Understanding has also been signed with the
European Marine Energy Centre on Orkney (EMEC), formalising a long-standing
relationship in technical innovation and environmental data collection,
building on EMEC’s unique marine energy research and development facilities
and expertise.

“Scotland has been a pioneer in the deployment of renewable electricity –
and now, through projects to be delivered via ScotWind, we believe it could
play a role in showcasing a deep and economy wide energy transition. By
working with local partners, we can ensure that we create sustainable,
long-term jobs in Caithness and Orkney as part of this transition to a net
zero economy,” said Edward Northam, Head of GIG Europe.

“TotalEnergies is delighted to participate in this tender alongside GIG and
RIDG. We will provide our resources and expertise in offshore operations and
maintenance to ensure the success of this project in close collaboration with
the local community and industry which we aim to strengthen. Our participation
in the tender is an illustration of our commitment to support Scotland in its
energy transition towards its Net Zero target by 2045. If awarded, this
project will contribute to our goal of reaching 100 GW of renewable generation
capacity by 2030,” said Julien Pouget, Senior Vice President Renewables at
TotalEnergies.

“RIDG first put the West of Orkney Windfarm on the map back in 2016; since
then, we’ve been working closely with local stakeholders to ensure any
project we bring forward delivers for the local economy. We were therefore
delighted to submit our bid as part of a consortium designed specifically
around this location, and particularly excited to do this with the support of
so many local businesses, who will be vital for successful project
delivery,” said Mike Hay, Director of Scottish developer RIDG.

The consortium has undertaken extensive site investigations, including birds,
marine mammals and near-shore geophysical surveys, and has finalised a grid
connection agreement with National Grid that will enable the project to
commence generation in 2029.

***

About Macquarie’s Green Investment Group

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.

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 RIDG

RIDG – Renewable Infrastructure Development Group – was established as an
independent, specialised offshore wind project development company with the
knowledge and experience to identify, design and deliver high quality
consented assets for strategic partners to build and operate. RIDG presents a
simpler, leaner and more flexible approach to project development, one that
draws upon the strengths of both established and emerging suppliers to deliver
projects safely, efficiently and cost effectively.

About Scrabster Harbour Trust

Scrabster Harbour Trust was founded in 1841. Scrabster is the most Northerly
mainland commercial port in the UK. Scrabster Harbour is an independent Trust
Port governed by its own legislation with all surpluses reinvested in the
maintenance and development of the port to ensure that it meets the
requirements of users.

About Orkney Harbour Authority

Marine Services, a division of Orkney Islands Council as the Competent Harbour
Authority (CHA) is responsible for the safe and efficient operation of the 29
piers and harbours located throughout the Orkney Islands under their
jurisdiction and operate under the principles set out in the Port Marine
Safety Code.

About EMEC

Established in Orkney in 2003, EMEC is the world’s leading facility for
testing wave and tidal energy converters in real sea conditions. The centre
offers independent, accredited grid-connected test berths for testing
full-scale prototypes, as well as test sites in less challenging conditions
for use by smaller scale technologies, supply chain companies, and equipment
manufacturers.

To date, more marine energy converters have been deployed in Orkney, Scotland,
than at any other single site in the world with 21 wave and tidal energy
clients (from 11 countries) having tested 34 marine energy devices.

EMEC is committed to supporting the transition to net zero and has expanded
activities into new sectors including green hydrogen, floating wind, transport
and energy systems.

@TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FTotalEnergies&esheet=52500421&newsitemid=20210928006219&lan=en-US&anchor=%40TotalEnergies&index=1&md5=eaff4675faad6013b95da407be10c8b3)
TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Ftotalenergies%2F&esheet=52500421&newsitemid=20210928006219&lan=en-US&anchor=TotalEnergies&index=2&md5=4308a3395a7feea2dd52bc5df846d429)
TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.facebook.com%2FTotalEnergiesFrance%2F&esheet=52500421&newsitemid=20210928006219&lan=en-US&anchor=TotalEnergies&index=3&md5=efd3c72632bea54e19f42d330a08864f)
TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.instagram.com%2Ftotalenergies%2F&esheet=52500421&newsitemid=20210928006219&lan=en-US&anchor=TotalEnergies&index=4&md5=fdbc9dd228c551501d1ea0e0caca1dfe)

GIG Contact

Media Relations: mediaEMEA@macquarie.com (mailto:mediaEMEA@macquarie.com) |
+44 20 3037 4014

TotalEnergies Contacts

Media Relations: +33 1 47 44 46 99 l presse@totalenergies.com
(mailto:presse@totalenergies.com) l @TotalEnergiesPR 
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FTotalEnergiesPR&esheet=52500421&newsitemid=20210928006219&lan=en-US&anchor=%40TotalEnergiesPR&index=5&md5=5966b1337545088890cb0edd0267643f)

Investor Relations: +44 (0)207 719 7962 l ir@totalenergies.com
(mailto:ir@totalenergies.com)

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.



View source version on businesswire.com:
https://www.businesswire.com/news/home/20210928006219/en/
(https://www.businesswire.com/news/home/20210928006219/en/)

TotalEnergies


Copyright Business Wire 2021