Total acquires wind power company GWP France

23/03/2020 11:15 Energy

news

French oil and gas company Total has acquired a 100% stake in Global Wind Power (GWP) France, expanding its renewable energy capacity in the country.

The company has made the acquisition through Total Quadran, its 100% renewable developer and producer in France.

 

Total Quadran operates more than 300 renewable energy plants in France totaling over 900MW. The portfolio produces 1,765GWh of renewable electricity annually, which is the equivalent of the annual consumption of nearly 1 million people.

 

Currently, GWP France has a portfolio of 1GW of onshore wind projects, including 250MW expected to begin operations by 2025.

 

The acquisition is part of Total’s plans to build a portfolio of low-carbon electricity operations, which could account for 15 to 20% of its sales mix by 2040.

 

Total gas, renewables and power president Philippe Sauquet said: “Following Vents d’Oc’ acquisition in 2019, this new investment demonstrates Total’s commitment to expand in all types of renewable energy while contributing to France’s energy transition goals.

 

“It strengthens Total Quadran’s footprint adding to its existing portfolio of nearly 1000 MW of installed and operated capacity, including over 500 MW of onshore wind and confirms its ambition to be one of the main players on France’s renewables market.”

 

https://www.nsenergybusiness.com/ 



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