Total mulls offshore wind acquisitions

The French oil and gas supermajor sees big potential in offshore wind, particularly in the floating variety, and has begun to assemble a dedicated team for the technology. Project development and acquisitions in Denmark are not off the table, says CEO.

Esbjerg Mayor Jesper Frost Rasmussen (left) might welcome Patrick Pouyanné's (right) offshore wind ambitions in Western Denmark. | Photo: Total

Recent years have witnessed various large oil companies showing increasing interest in renewable energy – not least in offshore wind. While Shell is developing projects in the Netherlands and has purchased a license in the US, Equinor has a full plate in both its home country and is pursuing projects in a handful of other markets. Most recently, Italy's Eni entered a partnership with developer Mainstream to build British offshore wind projects.

A single European oil and gas supermajor has, however, been conspicuously absent in its attention – at least until this year. Whereas Total has been a forerunner in terms of photovoltaic solar development, the French fossil fuel outfit has thus far only submitted one, losing bid in this summer's Dunkerque tender. That, though, will soon change, Total Chief Executive Patrick Pouyanné asserts.

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