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TTE TotalEnergies SE

64.38
-0.34 (-0.53%)
Last Updated: 10:40:30
Delayed by 15 minutes
Share Name Share Symbol Market Type
TotalEnergies SE EU:TTE Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.34 -0.53% 64.38 64.38 64.39 64.89 64.32 64.89 680,071 10:40:30

TotalEnergies Gets $420 Million Investment From Corio, Rise in US Wind Project

23/10/2023 7:42am

Dow Jones News


TotalEnergies (EU:TTE)
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From Jun 2023 to Jun 2024

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By Adria Calatayud

 

TotalEnergies is teaming up with Corio Generation and Rise Light & Power to develop a wind project off the coast of New York and New Jersey, receiving $420 million in cash from its new partners.

The French energy major said Monday that offshore-wind developer Corio and New York-based electricity producer Rise will take stakes of 27.7% and 16.3%, respectively, in the project, called Attentive Energy.

Rise will also contribute its assets and interconnection capabilities in New York City to the project, TotalEnergies said.

TotalEnergies retains a 56% stake in the project, which is aimed at developing more than 3 gigawatts of offshore wind with potential to provide electricity for more than a million homes across the two states, it said.

 

Write to Adria Calatayud at adria.calatayud@dowjones.com

 

(END) Dow Jones Newswires

October 23, 2023 02:27 ET (06:27 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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