TotalEnergies Increases Offshore Wind Investments

TotalEnergies ambition is to be a world-class player in the energy transition. As part of this, we are committed to providing solutions that contribute to fighting climate change and advancing sustainable development. In Scotland, for example, we have several renewable energy projects underway to help the country reach its 2050 carbon neutrality goal

Renewable energy has a critical role to play in meeting rising global electricity demand while helping to combat global warming. Wind power, a low-carbon, naturally renewable solution, has a particularly bright future. That's why we are leveraging our expertise to develop this resource.

In particular, we are focusing our efforts on offshore wind power. This technology has great potential because it can be deployed far off the coast, tapping larger wind resources than onshore wind turbines while having less of an impact on the landscape. To ensure success, we are applying our recognized, longstanding expertise in managing large offshore projects.

Since 2020, we invested in a number of landmark floating and fixed-bottom wind projects, in both mature and growth regions across Europe and Asia. This has positioned us as a key player in the industry - with cumulative wind power generation capacity of more than 3.5 gigawatts - and contributed to our goal of being one of the world's top 5 renewable energy companies.

Large-scale projects in the pipeline set to start operations in the years to come include:

Erebus, a pioneering floating wind project located off the coast of Wales in waters 70 meters deep, making TotalEnergies one of the first movers in this technology in the United Kingdom, the world's largest offshore wind market.

Seagreen, the largest fixed-bottom offshore wind project in Scotland, with a production capacity of 1,140 megawatts, equivalent to the daily electricity consumption of one million homes in the United Kingdom.

Bada, the biggest floating offshore wind project in the world, with a production capacity of 500 megawatts, which we are developing off the coast of South Korea in partnership with Macquarie.

In 2022, we launched new projects to reinforce our wind energy development positions. The Company has also expanded its area of activity by establishing its offshore wind activities in North America. Projects that will be added to TotalEnergies' offshore wind portfolio include:

New York Bight, the Carolina Long Bay offshore wind farm project with a generating capacity of over 1GW, enough to power over 300,000 U.S. homes. The project's goal is to be operational by 2030.

The acquisition of 50% of Clearway, a leading player in renewable energies in the United States: In May 2022, TotalEnergies has announced the signing of agreements with Global Infrastructure Partners (GIP) to acquire 50% of Clearway Energy Group (CEG), the fifth largest U.S. player in renewable energies. Clearway Energy Group (CEG) is a developer of wind and solar renewable energy projects.

West of Orkney, an offshore wind project planned along the coast of Scotland that will begin in 2030. With a production capacity of 2GW, it will be TotalEnergies' largest renewable energy project to date.

Contact:

Mail: presse@totalenergies.com

Tel: +33 1 47 44 46 99

Twitter: @TotalEnergiesPR