Total moves into offshore wind with joint bid for Dunkirk project
French energy major expands investment in renewables as it plans to invest $1.5-$2bn annually in low-carbon electricity by 2022
Paris — French energy major Total is partnering with Denmark’s Orsted and renewable energy producer Elicio to submit a joint bid for the 600MW capacity Dunkirk offshore wind project in France, the company said on Monday. The bid is the oil and gas major’s first serious foray into offshore wind in decades as it expands its presence in the renewable energy value chain. Until recently, Total’s major investments in renewables have been chiefly in the solar segment, with its $1.3bn acquisition of SunPower and purchase of a 23% stake in solar and wind energy producer Total Eren. Meanwhile, European peers such as Equinor and Shell have been increasing investments in offshore wind developments. Total’s executives have said the company is keenly watching the wind segment and would invest if a suitable business case emerges. “Total’s participation in this offshore wind bid is in line with our strategy to develop our low-carbon electricity business in Europe,” Philippe Sauquet, president of ga...
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