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"This transaction is a new milestone in the
implementation of our transition strategy and will contribute to reaching our
12% profitability target in Integrated Power business," said Patrick
Pouyanne, Chairman and CEO of TotalEnergies.
TotalEnergies and Thai oil and gas giant PTTEP will each
hold 25.5% of Seagreen, with SSE Renewables owning 49%.
The two companies have also signed a Memorandum of
Understanding to explore joint opportunities.
"PTTEP is also very delighted to extend its partnership
and collaboration with TotalEnergies in offshore wind as well as other
potential renewable energy," said PTTEP CEO Montri Rawanchaikul.
Seagreen is the world's deepest fixed bottom wind farm, with
its 114 turbines in the North Sea providing 1,075 MW of total capacity. It has
been operational since October 2023.