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Wind Power

Tuesday
24 Oct 2023

France's Totalenergies Partners to Develop Wind Project off US East Coast

24 Oct 2023  by reuters   

TotalEnergies signs are seen at a petrol station in Nice, France, October 10, 2022. REUTERS/Eric Gaillard/File Photo Acquire Licensing Rights
French energy company TotalEnergies (TTEF.PA) said on Monday it had partnered with Corio Generation and Rise Light & Power for the joint development of a wind project off the coast of New York and New Jersey.

Corio Generation and Rise Light & Power will get a 27.7% and 16.3% stake in the Attentive Energy project respectively, with TotalEnergies receiving $420 million in return. TotalEnergies will hold the remaining 56% of the project.

On completion, the project will provide electricity to more than 1 million homes across both states, TotalEnergies said.

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