TotalEnergies, Green Investment Group and RIDG join forces for Scottish offshore wind bid
Aberdeen, 16 June 2021, TotalEnergies has joined forces with Macquarie’s Green Investment Group (GIG) and Renewable Infrastructure Development Group (RIDG) to bid for sites in Scotland’s forthcoming offshore wind leasing round (ScotWind). The Offshore Wind Power Ltd (OWPL) consortium will bring together the partners’ extensive expertise to leverage Scotland’s domestic supply chain and deliver world-class developments that will accelerate the country’s energy transition.
Each of the partners have longstanding Scottish presence as well as significant financial expertise, technical capability, and a track record in successful project development:
• TotalEnergies is a broad energy company and one of the largest offshore operators on the UK continental shelf with a significant track record of successfully delivering complex projects in harsh sea conditions. With an ambition to be a world-class player in the energy transition, the Company develops and operates renewable projects worldwide. In Scotland, it has a majority stake in the 1,140 MW Seagreen 1 offshore wind farm located off the east coast of Scotland, which is currently under construction. Some of its recent developments also include the £3.2bn Culzean gas project, delivered with 52% UK local content. Over the last five years, TotalEnergies has invested around £2.5bn in projects in Scotland.
• GIG, a leading renewable energy developer with a mission to accelerate the green transition, has invested around £625m in Scotland since 2012. Over the three years, GIG has committed or arranged £6.9bn across its global portfolio, further cementing its position as one of the world’s leading renewable energy investors and developers. Macquarie Group, GIG’s parent company, has supported almost half of the UK’s offshore wind capacity currently in operation and is also supporting the Acorn project at St Fergus, a leading Scottish carbon capture and storage project.
• RIDG, a Scottish offshore wind developer with decades of sector experience, has been working closely with local and national stakeholders since 2016 to bring forward wellconsidered project opportunities into the ScotWind leasing process.
All partners have ambitious plans to accelerate the energy transition: TotalEnergies is targeting the development of 35 GW of gross renewable generation capacity by 2025 and 100 GW by 2030; GIG has over 250 projects under development and construction, with a pipeline of more than 30 GW, and is developing or has invested in over 20 offshore wind projects around the world with a cimulative capacity of over 12 GW. RIDG has been created specifically with the aim of putting Scottish companies and communities firmly at the centre of this global opportunity.
In February 2021, GIG and TotalEnergies have successfully secured rights to a seabed lease in the Eastern Regions zone in the Crown Estate’s England and Wales Offshore Wind Leasing Round 4 to develop a 1.5 GW offshore wind project. The companies are also working together in South Korea to co-develop a portfolio of floating offshore wind projects with a potential cumulated capacity of more than 2 GW.
Ed Northam, , said: “The addition of TotalEnergies to our bidding consortium brings together a team who have a long track record in delivering major infrastructure projects in challenging environments – a key requirement given the growing scale and complexity of the next generation of fixed bottom and floating offshore wind farm projects.”
Jean-Luc Guiziou, Managing Director of TotalEnergies E&P UK, said: “TotalEnergies is delighted to join forces with GIG and RIDG to contribute to the Scottish energy transition and the scaling up of its offshore wind sector. This consortium builds on a unique blend of skills and expertise required to safely deliver a competitive project. As one of the largest operators in the UK energy industry, TotalEnergies will bring its extensive expertise in offshore project delivery, operations and maintenance. Alongside its majority stake in Seagreen1, the largest offshore wind farm in Scotland, and its recent licence awards in the leasing round for offshore wind in England, today’s milestone underlines the strategic importance of the Scottish offshore wind market for the Company.”
Mike Hay, Commercial Director of RIDG, said: “The inclusion of a global energy company into our consortium, alongside one of the world’s largest renewable energy developers and investors, underlines the attractiveness of the opportunities RIDG has been working on for a number of years. TotalEnergies brings immense project delivery capability and a Scottish team ready to build and operate the next generation of mega-projects fuelled by offshore wind. They also understand the value of working closely with stakeholders and communities at a local level, which aligns with RIDG’s vision of ensuring our projects bring benefits throughout the economy, and not just to those directly involved in the sector itself.”
About Macquarie’s Green Investment Group
Macquarie’s Green Investment Group (GIG) is a specialist in green infrastructure principal investment, project development and delivery, green impact advisory and the management of portfolio assets. Its track record, expertise and capability make it a global leader in green investment and development, dedicated to accelerating the green transition.
About RIDG
RIDG – Renewable Infrastructure Development Group – was established in 2017 as an independent, specialised offshore wind project development company with the knowledge and experience to identify, design and deliver high quality consented assets for strategic partners to build and operate. RIDG presents a simpler, leaner and more flexible approach to project development, one that draws upon the strengths of both established and emerging suppliers to deliver projects safely, efficiently and cost effectively.
About TotalEnergies
TotalEnergies is a broad energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables and electricity. Our 105,000 employees are committed to energy that is ever more affordable, clean, reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
TotalEnergies Contacts Media Relations: +33 1 47 44 46 99 l [email protected] l @TotalEnergiesPress Investor Relations: +44 (0)207 719 7962 l [email protected]
TotalEnergies UK Contact Media Relations : Iain Brotchie | +44 (0) 7964 921 669 | [email protected]
GIG Contact Media Relations: [email protected] | +44 20 3037 4014
Cautionary Note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TotalEnergies SE directly or indirectly owns investments are separate legal entities. TotalEnergies SE has no liability for their acts or omissions. In this document, the terms “TotalEnergies”, “TotalEnergies “Company” and “Company” are sometimes used for convenience. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forwardlooking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise