Deals
Total Weighs Selling Stake in Giant Scottish Wind Farm
- French energy group may sell roughly 25% of Seagreen holding
- Total operates Seagreen project as JV with SSE Renewables
The UK has some of Europe’s best wind conditions and the most turbines deployed at sea, where gusts tend to be stronger and more consistent.
Photographer: Emily Macinnes/BloombergThis article is for subscribers only.
TotalEnergies SE is weighing a sale of part of its stake in Scotland’s largest offshore wind farm, people with knowledge of the matter said.
The French energy group is working with an adviser on the sale of a roughly 25% holding in Seagreen Wind Energy, a joint venture it runs with SSE Plc’s renewables arm, according to the people. The stake could fetch hundreds of millions of dollars, they said.