REG-TOTAL Renewables: Total Enters the Floating Offshore Wind Sector in France

TotalEnergies SEAnnouncement

07/10/2020 07:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20201007:nBw2Ly2Jva


Renewables: Total Enters the Floating Offshore Wind Sector in France

 

Press Release

Total (Paris:FP) (LSE:TTA) (NYSE:TOT) becomes a 20% shareholder in the Eolmed
floating wind farm pilot project, located in the Mediterranean, off the coast
of Gruissan and near Port-La-Nouvelle (Occitan region).

Attributed in July 2016, this 30 megawatts (MW) project will accelerate the
development of a floating wind technology. Together with Qair, the historical
developer and majority shareholder of the project, and its local partners,
Total brings its experience in the conception, deployment and exploitation of
offshore installations throughout their life cycle.

Total is thus continuing to reinforce its position in the emerging sector of
floating offshore wind, in which it wants to be one of the world leaders.
Today, the Group is present in South Korea with a portfolio of 2 gigawatts and
in the United Kingdom with the 100 MW Erebus project, which has just been
granted exclusive development rights for its area.

Julien Pouget, Director Renewables of Total, stated: “This announcement once
again demonstrates the Group's ambition and willingness to innovate in the
field of renewable energies. Floating offshore wind is a very promising
segment in which Total notably brings its extensive experience in offshore
projects. Together with our partner Qair, we have the necessary resources to
meet the technological and financial challenges that will determine our future
success. I am delighted that Total can contribute to the emergence of this new
sector in France. “

“The Eolmed project is at the heart of the Occitanie Region's strategy for
the development of renewable energies, actively supported by local partners.
It also demonstrates Qair's ambition to become a major player in floating
offshore wind energy in Europe. By joining forces with a renowned French
industrial partner for this innovative project developed by our teams since
2016, Qair is strengthening its technical expertise for the realisation of the
Eolmed project and for future floating wind projects.” adds Louis Blanchard,
CEO of Qair.

Total, renewables and electricity

As part of its ambition to get to net zero by 2050,Total is building a
portfolio of activities in electricity, renewable in particular, that could
account for up to 40% of its sales by 2050. By the end of 2020, Total's gross
power generation capacity worldwide will be around 12 gigawatts, including
about 7 gigawatts of renewable energy. With the objective of reaching 35 GW of
production capacity from renewable sources by 2025, Total will continue to
expand its business to become one of the world leaders in renewable energies.

About Total

Total is a broad energy company that produces and markets fuels, natural gas
and electricity. Our 100,000 employees are committed to better energy that is
more affordable, more reliable, cleaner and accessible to as many people as
possible. Active in more than 130 countries, our ambition is to become the
responsible energy major.

* * * * *

Cautionary Note

This press release, from which no legal consequences may be drawn, is for
information purposes only. The entities in which TOTAL SE directly or
indirectly owns investments are separate legal entities. TOTAL SE has no
liability for their acts or omissions. In this document, the terms
“Total”, “Total Group” and Group are sometimes used for convenience.
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 TOTAL 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.

Total 

Media Relations: +33 1 47 44 46 99 l presse@total.com
(mailto:presse@total.com) l @TotalPress

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



View source version on businesswire.com:
https://www.businesswire.com/news/home/20201006006160/en/
(https://www.businesswire.com/news/home/20201006006160/en/)

Total


Copyright Business Wire 2020