Total, Macquarie to Develop Floating Offshore Wind Portfolio in South Korea
01 September 2020 - 5:24PM
Dow Jones News
By Giulia Petroni
Total SE said Tuesday that it partnered with Macquarie Group
Ltd.'s Green Investment Group to develop a portfolio of five
floating offshore wind projects in South Korea with a potential
cumulated capacity of more than two gigawatts.
The energy major said the first project of around 500 megawatts
is aimed to be launched by the end of 2023. The projects will be
located off the eastern and southern coasts of the country.
South Korea "has a significant potential for the development of
a floating offshore wind segment benefiting from a strong
governmental support and a unique set of local competencies," Total
said.
The 50/50 partnership, which is subject to approvals and the
satisfaction of other conditions, will become effective in the
fall.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
September 01, 2020 03:09 ET (07:09 GMT)
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