REG-TotalEnergies SE United-States: TotalEnergies Wins Maritime Lease to Develop a 3 GW+ Offshore Wind Farm on the East Coast of New York and New Jersey

TotalEnergies SEAnnouncement

28/02/2022 09:00

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United-States: TotalEnergies Wins Maritime Lease to Develop a 3 GW+ Offshore
Wind Farm on the East Coast of New York and New Jersey

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has successfully been named a
winner of maritime lease area OCS-A 0538 by the BOEM (Bureau of Ocean Energy
Management) in the New York Bight auction held end of last week.

This bid for the development of an offshore wind farm off the U.S. East Coast
was won for a consideration of US$ 795 million (100%) by both TotalEnergies
and EnBW.

Located up to 47 nautical miles (87 kilometers) from the coast, the lease
covers a 132 square miles (341 square kilometer) area that could accommodate a
generation capacity of at least 3 GW, enough to provide power to about one
million homes. The project is expected to come online by 2028.

In addition, EnBW informed TotalEnergies of its strategic decision to refocus
its activity on Europe. In this context, TotalEnergies and EnBW have agreed
that TotalEnergies will acquire EnBW's interest in this New York Bight
concession and will welcome within its own staff the EnBW North America team
who has forged strong relationships with local communities in the past few
years and will therefore continue to develop this project. In addition,
TotalEnergies will acquire from EnBW the predevelopment work undertaken for
the upcoming auction off the coast of Central California (Castle Wind
project).

“This grand entrance into offshore wind in the U.S. is a major step toward
our goal of reaching 100 GW of renewable electricity generation capacity
worldwide by 2030. This development adds another dimension to our renewable
business in the U.S., currently representing 4 GW of solar farms under
development. This is the largest renewable energy project TotalEnergies has
ever undertaken and we now have a portfolio of over 10 GW of offshore wind
projects, a technology in which we aim to be a world leader by leveraging our
offshore expertise." said Patrick Pouyanné, chairman and CEO of
TotalEnergies.

The New York Bight project is part of the U.S. government's goal to deploy 30
GW of offshore wind in the U.S. by 2030, in response to the global climate
challenge. Locally, it provides a concrete answer to the growing demand for
clean energy in New York and New Jersey. Furthermore, TotalEnergies is
committed to developing the project in a way that creates local jobs and
economic benefits for the local communities.

***

TotalEnergies and offshore wind

TotalEnergies is already developing a portfolio of offshore wind projects with
a total capacity of more than 10 GW, 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, ScotWind), South Korea (Bada project), Taiwan (Yunlin
project), France (Eolmed project) and the United States (New York Bight
project). The Company has also been qualified to participate in competitive
tenders in the US, UK and France, and will also participate in a tender in
Norway.

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.

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TotalEnergies and renewable 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 2021,
TotalEnergies' gross renewable electricity generation capacity is more than 10
GW. TotalEnergies will continue to expand this business to reach 35 GW of
gross production capacity from renewable sources and storage 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.

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 Contacts 

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)



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