TotalEnergies SE UK Regulatory Announcement: USA: TotalEnergies Wins Marine Lease to Develop 1GW Offshore Wind Farm Off the Coast of North Carolina

PARIS–(BUSINESS WIRE)–

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has been named the winner by the Bureau of Ocean Energy Management of the OCS-A 0545 marine concession area in the United States, as part of the Caroline Long Bay auction on Wednesday May 11, 2022.

This tender for the development of an offshore wind farm in the Carolina Long Bay region off the coast of North Carolina was won for an amount of 160 million US dollars by TotalEnergies.

Located 20 nautical miles (37 kilometers) from the coast, the lease covers an area of ​​120 square nautical miles (222 square kilometers) which will generate more than 1 GW of capacity, enough to power more than 300,000 homes. The project is expected to go live by 2030.

This announcement follows the award in February 2022 of a lease to develop a 3 GW wind farm off New York and New Jersey, USA.

“Securing this lease, our second offshore wind project in the United States, demonstrates the strength of our commitment to the country and our transformation into a multi-energy company. This project adds to our portfolio of more than 10 GW of gross capacity of renewable projects in operation, construction and development in the United States. This is one more step towards our goal of reaching 100 GW of renewable electricity generation worldwide by 2030,” declared Patrick Pouyanné, Chairman and CEO of TotalEnergies.

the Caroline Long Bay This project is part of the US government’s goal to deploy 30 GW of offshore wind power in the United States by 2030, in response to the climate challenge.

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TotalEnergies and offshore wind power

TotalEnergies is already developing a portfolio of offshore wind projects with a total capacity of more than 11 GW, of which 2/3 bottom-fix and 1/3 floating. These projects are located in the United Kingdom (Seagreen project, Outer Dowsing, Erebus, ScotWind), South Korea (Bada project), Taiwan (Yunlin project), France (Eolmed project) and the United States (New York Bight, North Carolina project). The Company has also been qualified to participate in tenders in the United States, United Kingdom and France, and will also participate in tenders in Norway and Poland.

TotalEnergies and renewable electricity

As part of its ambition to reach net zero by 2050, TotalEnergies is building a portfolio of activities in renewable energies and electricity. At the end of 2021, TotalEnergies’ gross renewable electricity production capacity was over 10 GW. TotalEnergies will continue to develop this activity to reach 35 GW of gross production capacity from renewable sources and storage by 2025, then 100 GW by 2030 with the objective of being among the top 5 world producers of electricity from wind and solar sources.

About TotalEnergies

TotalEnergies is a global multi-energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewable energies 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. Present in more than 130 countries, TotalEnergies places sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.

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Caution note

This press release, from which no legal consequences can be drawn, is purely informative. Entities in which TotalEnergies SE directly or indirectly holds interests are separate legal entities. TotalEnergies SE has no responsibility for their acts or omissions. The terms “Company” or “TotalEnergies company” collectively designate the company TotalEnergies SE and the companies that it controls directly or indirectly. These terms are used only as a convenience for the purposes of this communication. Similarly, the words “we”, “us” and “our” may also be used to refer to affiliates in general or the people who work for them. This document may contain forward-looking information and statements based on certain 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 undertakes any obligation to publicly update any forward-looking information or statements, objectives or trends contained herein, whether as a result of new information, future events or others.

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