REG-TotalEnergies SE Scotland: TotalEnergies and ScotWind Partners Commit to Local Industrial Development

TotalEnergies SEAnnouncement

18/10/2021 11:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20211018:nBw2BjD7Ga&default-theme=true


Scotland: TotalEnergies and ScotWind Partners Commit to Local Industrial
Development


 * TotalEnergies opens UK offshore wind hub in Aberdeen

 * ScotWind partners announce £140m initiative for Scottish industry

 * Partners aim for high level of Scottish local content

 

Patrick Pouyanné, Chairman and CEO of TotalEnergies (Paris:TTE) (LSE:TTE)
(NYSE:TTE), has opened today the company’s UK Offshore Wind Hub in Aberdeen.
The Hub will be part of the Company’s existing offshore operations centre in
Aberdeen. The Hub will enable the transition of staff from oil and gas to
offshore wind as that part of the Company’s UK business grows. It will thus
leverage the offshore expertise that TotalEnergies’ Aberdeen operations have
built over the last 50 years.

“Investing in energy projects in Scotland and the North Sea has been at the
heart of TotalEnergies’ history. I am proud of the success of our
partnership with Scotland and of our joint achievements, in particular the
development of the offshore industry. With the energy transition gathering
speed, we see Scotland as a great place to broaden our relationship by
investing in offshore wind. As a global multi energy company long engaged in
UK energy supply, our decision to base our UK Offshore Wind Hub here in
Aberdeen is a mark of our confidence in the future of renewables in the UK and
our continued commitment to Scotland and the North Sea.” said Patrick
Pouyanné, Chairman and CEO of TotalEnergies

£140 million investment in Scottish industry

The announcement comes as TotalEnergies, in partnership with Macquarie’s
Green Investment Group and Scottish developer Renewable Infrastructure
Development Group (RIDG), take part in the ScotWind leasing round having
proposed a 2 GW offshore wind project called “West of Orkney Windfarm”.

The partners unveiled plans for a £140 million initiative in a comprehensive
action plan to develop the Scottish supply chain and harbour infrastructure
specifically around this project. Should the West of Orkney Windfarm be
selected, the investment would be allocated across a range of initiatives,
including:


 * Direct support for supplier development and the enhancement of ports and
harbour infrastructure in Orkney, Caithness, and more generally in Scotland,

 * A Supply Chain and Infrastructure Investment Fund to enhance the capabilities
and competitiveness of key suppliers,

 * A targeted local skills development programme.

This investment will be made during the initial phase of development, before
the final investment decision is taken. It will be funded by £105m of direct
commitments from the partners supplemented up to £140m by a matched funding
from third parties raised by the partners.

A project with a high level of Scottish local content

These initiatives will help the consortium reach its ambitions to deliver up
to half of the project’s content in Scotland over its lifetime through
collaboration across industry, with a commitment to 60% overall in the UK.

On successful award, the consortium will undertake detailed consultation with
the local communities of Orkney and Caithness to establish a community benefit
programme, reflecting the long-term commitment the West of Orkney windfarm
represents to the region.

This investment announcement follows the consortium’s decision to develop a
large-scale green hydrogen facility on the island of Flotta in Orkney. The
proposed Flotta Hydrogen Hub would be powered by the renewable electricity
generated by the West of Orkney windfarm.

“The decision to commit £140m in early investment to support the local
supply chain demonstrates our commitment to the region, its industry and its
people. This investment will ensure that Orkney, Caithness and the Scottish
supply chain benefit from our West of Orkney Windfarm project from the start.
It will support essential infrastructure to help attract more green energy
projects and jobs.” said Patrick Pouyanné, Chairman and CEO of
TotalEnergies.

“Our business has a proud Scottish heritage, and we are focused on
delivering a wind project that maximises the economic opportunity for
Scotland. This unique early-stage investment will play a significant role in
growing the local supply chain – and should help ensure a more inclusive
energy transition around Orkney and Caithness.” said Mark Dooley, Global
Head of Green Investment Group.

“We have been working together with our supply chain alignment partners, and
wider interested parties, for some time, to build a mutual understanding
between their growth plans and the needs of our project. This has allowed us
to develop targeted investment plans that can be triggered on site award and
further reinforced through our supply chain investment fund as time goes on.
This is not a ‘business as usual’ approach, it is instead a commitment
from day one to ensuring that the West of Orkney Windfarm delivers for the
Scottish economy.” said Mike Hay, Director of RIDG.

***

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.

TotalEnergies, renewables and the UK

TotalEnergies has been present in Scotland since the 1960s and remains one of
the largest producers of natural gas on the UK continental shelf. Over the
past two years the Company has also moved decisively into the UK’s offshore
wind market. In 2020 it took a majority stake in Seagreen, Scotland’s
largest offshore wind farm, as well as launching the Erebus and Valorous
floating offshore windfarm projects in Wales. In February 2021, TotalEnergies
and consortium partners Green Investment Group won rights to develop a 1.5GW
offshore wind farm off the coast of Lincolnshire. In July 2021, TotalEnergies,
with Green Investment Group and RIDG submitted a bid to develop the West of
Orkney Windfarm, a 2GW offshore windfarm in the N1 zone in the ScotWind
leasing round.

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, 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.

***

Twitter: @TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FTotalEnergies&esheet=52510583&newsitemid=20211018005433&lan=en-US&anchor=%40TotalEnergies&index=1&md5=a426fd6e8fb94f2d1419acdf78ea8bc5)
LinkedIn: TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Ftotalenergies%2F&esheet=52510583&newsitemid=20211018005433&lan=en-US&anchor=TotalEnergies&index=2&md5=08b14676920c2a7dcc73e1a66a06e671)
Facebook: TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.facebook.com%2FTotalEnergiesFrance%2F&esheet=52510583&newsitemid=20211018005433&lan=en-US&anchor=TotalEnergies&index=3&md5=0c62069a10a6f64b08906dab0a9414e3)
Instagram: TotalEnergies
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.instagram.com%2Ftotalenergies%2F&esheet=52510583&newsitemid=20211018005433&lan=en-US&anchor=TotalEnergies&index=4&md5=b1f2a763e322469ea08351a2d0da691a)

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 
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2FTotalEnergiesPR&esheet=52510583&newsitemid=20211018005433&lan=en-US&anchor=%40TotalEnergiesPR&index=5&md5=a12e89abed86ae2031028af85a80936d)

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



View source version on businesswire.com:
https://www.businesswire.com/news/home/20211018005433/en/
(https://www.businesswire.com/news/home/20211018005433/en/)

TotalEnergies


Copyright Business Wire 2021