TotalEnergies to Invest Around $5.3 Billion in French Wind Farm After Winning Tender — Update
By Billy Gray
French energy major TotalEnergies said it was chosen alongside Germany's RWE to build and operate an offshore wind farm in France.
The project will represent an investment of around 4.5 billion euros ($5.32 billion) for the design, building and operation of the Centre Manche 2 site, marking the company's largest investment in France in 30 years, it said Wednesday.
When complete, the 1.5-gigawatt wind farm off the coast of Normandy will be the largest renewable energy project in France, providing electricity to more than 1 million households, it said.
However, TotalEnergies said RWE had expressed a desire to leave the consortium. TotalEnergies said it would still pursue the project, assuming all the commitments of the consortium, and would propose to bring a new partner into the project.
RWE didn't immediately respond to a request for comment from Dow Jones Newswires.
Write to Billy Gray at william.gray@wsj.com
(END) Dow Jones Newswires
September 24, 2025 05:25 ET (09:25 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy Before They Rise Further
The 10 Best Companies to Invest in Now
14 Elite Funds and ETFs, and 5 Popular Funds That Just Missed the Mark
2 Undervalued Stocks to Buy Before They Rebound
