January 25 (Reuters) – TotalEnergies SE:
* UNITED STATES: TOTALENERGIES IS AWARDED A 20-YEAR CONTRACT TO SUPPLY 1.3 GW+ OF RENEWABLE ELECTRICITY TO NEW JERSEY
* NEW JERSEY HAS SELECTED THEIR ATTENTIVE ENERGY TWO OFFSHORE WIND PROJECT FOR A 20-YEAR CONTRACT TO PROVIDE 1.34 GW OF RENEWABLE ELECTRICITY TO THE STATE
* ATTENTIVE ENERGY TWO, OWNED BY TOTALENERGIES (70%) AND CORIO (30%), WON THE 3RD CALL FOR TENDER FOR OREC ORGANIZED BY THE PUBLIC NETWORKS AGENCY OF THE STATE OF NEW JERSEY
* THE DEVELOPMENT OF THE PROJECT IS EXPECTED TO GENERATE UP TO $105 MILLION OF INVESTMENT IN THE LOCAL ECONOMY AND THE CONSORTIUM IS AIMING TO BE COMMISSIONED IN 2031
* PROFITABILITY IS ENSURED BY THE GUARANTEED LEVEL OF REVENUE OF ORECS, AT THE PRICE OF $131 PER MWH IN THE FIRST YEAR FOLLOWING THE START OF COMMERCIAL OPERATIONS, WITH AN ANNUAL INCREASE OF 3%
* PROFITABILITY IS ENSURED BY A 30?% TAX CREDIT UNDER THE INFLATION REDUCTION ACT (IRA) For more details, click (Gdansk editorial office)
©2024 Thomson Reuters, all rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. “Reuters” and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.