French Total acquired 100% shares of Global Wind Power (GWP) France, a company with a 1000-megawatt (MW) portfolio of onshore wind projects, including 250 MW scheduled to come onstream by 2025, Total announced on Saturday.
'This new investment demonstrates Total’s commitment to expand in all types of renewable energy while contributing to France's energy transition goals,' said Philippe Sauquet, president of Gas, Renewables and Power at Total.
GWP’s teams will join Total, adding to the group’s existing expertise to speed up wind power development in France.
As part of its ambition to become a responsible energy major, Total is building a portfolio of low-carbon electricity operations, with the objective of seeing them account for 15 to 20% of its sales mix by 2040.
Today, Total’s gross low-carbon power generation capacity is close to 7 gigawatts, of which more than 3 gigawatts are from renewable energy sources.
By Murat Temizer