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Stock impact report

Outer Dowsing offshore wind farm gets development consent [Yahoo! Finance]

TotalEnergies SE Ordinary Shares (TTE) 
Company Research Source: Yahoo! Finance
The project, a joint venture between Corio, TotalEnergies and Gulf Energy Development, received approval in February . Situated approximately 54km off the Lincolnshire coast, the project will feature up to 100 wind turbines. It will include an offshore accommodation platform, up to six transformer substations at sea, a maximum of two offshore reactive compensation platforms and as many as four export cables. These cables will reach land at Wolla Bank and then proceed underground to a new substation at Surfleet Marsh. Construction is scheduled to begin in 2027, with the facility expected to generate its first power by 2030. During the application process, the Marine Management Organisation (MMO) collaborated closely with the developer, the Planning Inspectorate, and other stakeholders to thoroughly address environmental concerns. The wind farm was included in the Nationally Significant Infrastructure Project Early Adopters Programme. Through this programme, the MMO assis Show less Read more
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