TotalEnergies, the globally integrated energy company, has launched a joint venture along with Simply Blue Group to unlock the potential of floating offshore wind in the United States territory. The companies announced the joint venture this week.
Firstly, the joint venture calls TotalEnergies SBE US. It will combine Total’s expertise in large-scale offshore projects with Simply Blue Group’s floating know-how. The core team of the joint venture will also include pioneers in the fields of floating assets and the offshore wind industry.
Moreover, the untapped potential that the joint venture will unlock would create substantial business opportunities and ultimately deliver renewable electricity to millions of U.S. homes.
In addition, as we have reported previously, the U.S. offshore wind industry is just launching. The first large-scale project of the country, Vineyard Wind 1, just got financial close and started construction. However, after its launch, many projects along the entire value chain of the industry will rise.
Such would be the case of floating offshore wind, in which the U.S. has vast potential. About such matter, Sam Roch-Perks, CEO, Simply Blue, commented. “Almost two-thirds of U.S. offshore wind resources are found in deeper waters that require floating wind platforms.”
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TotalEnergies to expand offshore wind portfolio after US JV
Consequently, TotalEnergies SBE US will bring together scale, expertise, and an international track record of responsible developments; particularly floating offshore projects, Roch-Perks underlined.
Furthermore, he commented. “The future and next frontier of U.S. offshore wind is floating. This joint venture with TotalEnergies has everything we need to deliver floating offshore wind on America’s coasts.”
On the other hand, Stéphane Michel, President, Gas, Renewables & Power at TotalEnergies, said. “We are convinced of the large potential of floating offshore wind to provide U.S. coasts with renewable electricity and are committed to contribute our extensive expertise in offshore projects to make it happen.”
He also remarked. “Our ambition is to install 100 gigawatts of global renewable power generation by 2030, part of which will come from floating offshore wind projects. We are eager to see this partnership with Simply Blue help our Company meet this goal.”
Finally, up to date, TotalEnergies has over 6 G.W. of offshore wind in development around the globe; 40% of which is floating offshore wind including over 2 G.W. of floating wind projects in South Korea; while Simply Blue Group has more than 3.2 GW of offshore wind in development off Ireland and the U.K.
