Renewables: Total Expands in Wind Power in France with the acquisition of Global Power Wind France
TOTAL SA (TOT)
Last total sa earnings: 2/7 04:01 pm
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Source: Business Wire
PARIS--(BUSINESS WIRE)--Regulatory News:Total (Paris:FP) (LSE:TTA) (NYSE:TOT) continues its growth in renewable energy in France with a substantial investment in wind power.Total, through Total Quadran - its 100% renewable developer and producer in France, acquires 100% of Global Wind Power (GWP) France, a company with a 1000-megawatt (MW) portfolio of onshore wind projects, including 250 MW scheduled to come on stream by 2025.“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,” said Philippe Sauquet, President Gas, Renewables and Power at Total. GWP’s teams will join Total Quadran, adding to
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