PARIS (Agefi-Dow Jones)–Energy producer TotalEnergies announced on Monday that it has won, within a consortium, a concession to develop a 2 gigawatt (GW) wind farm 30 kilometers off the archipelago. Scottish Orkney.
“This project, whose renewable electricity production should start by 2030, represents a potential investment of more than 4 billion pounds sterling” (4.8 billion euros), TotalEnergies said in a press release.
“As part of this development, the partners will invest £140m (over €160m) to support the development of local supply chain capacity and in particular the improvement of port infrastructure in Orkney and of Caithness,” said TotalEnergies.
The consortium, made up of TotalEnergies (38.25%), Green Investment Group (46.75%), a subsidiary of Macquarie, and RIDG (15%), a Scottish offshore wind developer, has also finalized a connection agreement to the electricity grid with National Grid, added TotalEnergies.
“Once built, this wind farm will also be able to supply renewable energy to a green hydrogen production facility under study at the Flotta terminal in Orkney,” said the energy company.
-Alice Doré, Agefi-Dow Jones; +33 (0)1 41 27 47 90; [email protected] ed: VLV
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January 17, 2022 05:43 ET (10:43 GMT)