French oil major Total said on Friday it has made a “substantial investment” in wind power, acquiring 100% of Global Wind Power (GWP) France, Kallanish Energy reports.
The undisclosed deal was made through Total Quadran, the French renewables subsidiary of Total. Once the acquisition is complete, GWP staff will join Total Quadran’s teams.
The new investment will increase Total’s renewables capacity adding 1,000 megawatts (MW) of onshore wind projects, including 250MW scheduled to come online by 2025.
According to Philippe Sauquet, President Gas, Renewables and Power at Total, the acquisition “demonstrates Total’s commitment to expand in all types of renewable energy while contributing to France’s energy transition goals.”
The major said earlier last week it will buy an 80% stake in the Erebus project – a floating wind farm in the Celtic Sea, in Wales. The 96-MW project will set Total as one of the first movers in this technology in the UK. (See related story)
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