Total Buys 80% Stake in Floating Wind Project

French energy major Total said on Thursday that it had reached an agreement with renewables energy developer Simply Blue Energy to acquire 80% of the Erebus floating wind project in the Celtic Sea.

Total, which did not disclose the value of the deal, has said it plans to invest up to $2 billion annually to expand its footprint in low carbon businesses.

Congrats to TOTAL for embracing offshore #FloatingWind Energy as part of their growing #renewables strategy.  #TOTAL joins #Shell and #Equinor in their charge towards accelerated investment in global offshore wind with a strategic focus on Floating Wind Energy. #QuestFloatingWindEnergy applauds this encouraging development in #FloatingWindSolutions.

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