OFF SHORE WIND: NEW 1.5 GW PROJECT IN THE UK

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Off Shore Wind: New 1.5 GW Project in the UK


The sector of electricity production through the use of wind farms is increasingly taking into consideration the environmental impact that these wind farms can have on the territory.

The requests of communities who prefer to move these necessary green energy production plants to places that have less impact on the landscape are increasingly being considered. This is why Off Shore wind farms are growing, i.e. in the open sea like the one that will be built by Total and Cig in the United Kingdom.

A 50/50 joint venture between Macquarie's Green Investment Group (GIG) and Total has managed to secure the rights to a seabed lease in the country's eastern regions.

The project, which will be located off the east coast of the UK , could provide up to 1.5 gigawatts (GW) of renewable electricity and represents a significant initial investment in the UK's offshore wind sector for both companies.

What are the objectives?

  • Support meaningful job opportunities and play a vital role in helping the UK achieve its ambitious net zero target.

  • Enabling the two partners to expand into the UK, which is the most mature European market for offshore wind, and offering continued growth prospects and a clear direction to the market.

Both GIG and Total are global renewable energy developers and investors and bring significant expertise, technical capabilities and a proven track record of successful energy development to the project.

GIG is supplying almost 50% of the UK's offshore wind capacity in use today, while Total continues to build a strong position in offshore wind following its involvement in the 1.1GW Seagreen project off the east coast of Scotland and in Erebus, a 96 MW floating offshore wind project in the Celtic Sea, building on its long-standing industrial activity in the UK.

GIG and Total are currently collaborating in South Korea to co-develop a major portfolio of floating offshore wind projects.

“ Total is delighted to have received 1.5GW as part of the fourth round of offshore wind leasing from The Crown Estate with our partner GIG.

We continue to support the UK's energy transition objectives. This project is our largest renewable energy development in Europe, to date, and an important step towards our zero emissions ambition for 2050,” said Julien Pouget, Senior Vice President Renewables at Total.

“ This success builds on our historic experience in the UK offshore and is paving the way for the expansion of our renewable energy offering in the country in line with our strategy to become a broad-based company.”

Mark Dooley , global head of the Green Investment Group, said: “With this investment, we continue our pioneering role in the UK's energy transition and help establish offshore wind as the backbone of its new low carbon energy system. carbon.

Building on our track record as one of the country's largest financiers of offshore wind, this contract represents a significant increase in our commitment to the sector in the UK. This adds to our growing portfolio of renewable energy projects in Europe and grows our global offshore wind positioning to over 13 GW. "

Total and GIG secured this lease with an annual option fee of £83k per MW/year, during the development phase. There will now be a regulatory assessment (HRA) of the possible impact of the project on relevant natural sites in the allocated area. Following the successful conclusion of this process, the final lease agreements will be signed in 2022.

See more information

by Total

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