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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Totalenergies Se | LSE:TTE | London | Ordinary Share | FR0000120271 | TOTALENERGIES ORD SHS |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.75 | 1.22% | 62.05 | 176,827 | 16:35:13 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 59.20 | 64.90 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | USD 219.47B | USD 21.38B | USD 8.1645 | 7.59 | 160.55B |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 17:36:44 | O | 31 | 61.62 | EUR |
| Date | Time | Source | Headline |
|---|---|---|---|
| 23/1/2024 | 07:42 | UKREG | TOTALENERGIES SE: Germany: TotalEnergies Acquires Kyon Energy, a Leading.. |
| 23/1/2024 | 07:32 | UKREG | TOTALENERGIES SE: Renewables: TotalEnergies and European Energy Expand.. |
| 22/1/2024 | 17:02 | UKREG | TOTALENERGIES SE: TotalEnergies: Disclosure of Transactions in Own Shares |
| 19/1/2024 | 12:29 | UKREG | TOTALENERGIES SE: Director/PDMR Shareholding |
| 16/1/2024 | 08:25 | UKREG | TOTALENERGIES SE: TotalEnergies SE: Disclosure of Transactions in Own.. |
| 16/1/2024 | 07:35 | UKREG | TOTALENERGIES SE: Trading Statement |
| 11/1/2024 | 17:54 | UKREG | TOTALENERGIES SE: Director/PDMR Shareholding |
| 10/1/2024 | 07:30 | UKREG | TOTALENERGIES SE: Namibia: TotalEnergies Increases Its Interests in.. |
| 09/1/2024 | 12:00 | UKREG | TOTALENERGIES SE: Total Voting Rights |
| 08/1/2024 | 17:00 | UKREG | TOTALENERGIES SE: Transaction in Own Shares |
Totalenergies (TTE) Share Charts1 Year Totalenergies Chart |
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1 Month Totalenergies Chart |
Intraday Totalenergies Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 08/10/2024 | 12:37 | TOTALENERGIES SA | 850 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 16:36:45 | 61.62 | 31 | 0.00 | O |
| 16:13:19 | 61.75 | 4,735 | 0.00 | O |
| 16:13:18 | 61.91 | 12,246 | 0.00 | O |
| 16:12:31 | 61.84 | 474 | 0.00 | O |
| 16:07:55 | 61.98 | 35 | 0.00 | O |
| Top Posts |
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Posted at 09/10/2024 09:20 by Totalenergies Daily Update Totalenergies Se is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker TTE. The last closing price for Totalenergies was 61.30 €.Totalenergies currently has 2,619,131,285 shares in issue. The market capitalisation of Totalenergies is £162,333,757,044. Totalenergies has a price to earnings ratio (PE ratio) of 7.59. This morning TTE shares opened at - |
Posted at 04/10/2024 18:20 by waldron Why TotalEnergies Shares Are Surging Todayby Lekha Gupta, Benzinga Editor October 4, 2024 12:49 PM | 1 min read | Zinger Key Points TotalEnergies secured the top spot in Bulgargaz's tender for LNG supply in Greece for November and December 2024. Six companies submitted binding offers, with TotalEnergies offering the most competitive terms among international contenders. TotalEnergies SE TTE+1.47% shares are trading higher on Friday. The company secured the top spot in Bulgargaz EAD's tender for LNG supply at the Alexandroupolis terminal in Greece for November and December 2024, offering the most competitive terms. The natural gas distribution company Bulgargaz stated that thirteen international companies showed interest, with six submitting binding offers. Notably, Bulgargaz had earlier announced tenders for five LNG cargoes (5,000,000 MWh), including one for January-February 2025. The first tender, covering October, closed in September, and 1,000,000 MWh of LNG from Norway has already been delivered. The company will select the supplier for the January-February tender by mid-November. This week, TotalEnergies inked mid-term LNG supply deal with Santos for 20 cargoes annually, starting Q4 2025. Yesterday, the company stated that it expects Oil & Gas production growth of about 3% annually through 2030, driven by LNG, with six major projects launching in 2024 across Brazil, Suriname, Angola, Oman, and Nigeria. . Price Action: TTE shares are up 1.47% at $68.88 at the last check Friday. Shell, TotalEnergies, Equinor Complete Carbon Storage Project: Exec Says Joint Venture Plays ‘Vital’ Environmental Role This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs Benzinga.com. Benzinga does not provide investment advice. All rights reserved. |
Posted at 03/10/2024 17:28 by waldron TotalEnergies to reassess UK investments amid windfall tax hikeThe UK Government’s plan includes a three-percentage point increase from November, potentially raising the sector's overall tax rate to 78%. October 3, 2024 French energy major TotalEnergies has signalled a potential reduction in its UK investments in response to the government’s planned increase in windfall taxes and the removal of investment allowances. The company’s CEO, Patrick Pouyanné, expressed concerns at an investor day in New York, highlighting the challenges posed by the proposed tax changes compared with those in France. Pouyanné, as reported by the Financial Times, stated: “I am taking this very seriously because clearly we will be very selective on any capex we spend in the UK and [are] clearly looking seriously at ways to restructure operations.” He suggested that the UK should consider emulating Norway’s system, which, despite high taxes, offers incentives for investment. “I am arguing with them, but they should copy [and] paste the Norwegian system, which is maybe high fiscally but also has incentives to invest,” Pouyanné added. The CEO also confirmed TotalEnergies’ consideration of a secondary listing in New York. Introduced in 2022 by then chancellor Rishi Sunak following Russia’s invasion of Ukraine, the UK’s temporary energy profits levy is set to extend until 2030. The Labour Government’s plan includes a three-percentage point increase from November, potentially raising the sector’s overall tax rate to 78%. The proceeds from the increased levy are intended to support renewable energy investments including wind power, aligning with Labour’s establishment of Great British Energy. Additionally, Pouyanné confirmed TotalEnergies’ consideration of a secondary listing in New York, which would enable more efficient access to US investors while maintaining its base in Paris. Despite the uncertain market, TotalEnergies announced a 5% dividend increase for 2025 and maintained its $2bn (€1.81bn) quarterly share buybacks. This comes amid forecasts of an oversupply in liquefied natural gas (LNG) potentially affecting prices from 2026. TotalEnergies has committed to net investments of $16–18bn annually through 2025–30, with approximately $5bn earmarked for low-carbon energies. The company retains the option to reduce investments by $2bn if faced with significant price drops. The company’s Strategy & Outlook reveals a focus on a balanced and profitable transition strategy, with an emphasis on oil and gas, particularly LNG, and electricity. TotalEnergies aims to increase global energy production by 4% per year through 2030 while significantly reducing emissions from its operations. By 2030, the company anticipates a 25% reduction in the carbon content of its energy sales compared with 2015. GlobalData |
Posted at 02/10/2024 20:09 by waldron French Giant TotalEnergies Hikes Dividend by 5% for 2025By Charles Kennedy - Oct 02, 2024, 12:30 PM CDT It’s a big news week for French oil major TotalEnergies this week, with investors informed on Wednesday that the company would narrow its focus on cheaper upstream output and hike dividends by 5% per share for next year, combined with $2 billion in quarterly buybacks. In its Strategy & Outlook presentation on Wednesday, TotalEnergies emphasized “more energy, less emissions, more free cash-flow” as it “advances its balanced and profitable multi-energy strategy”. The French oil giant is targeting 4% production growth per year from 2024 to 2030, with $10 billion-plus in underlying free cash-flow growth. For 2024, the company expects buybacks to clock in at $8 billion, with another $2 billion per quarter for next year. "Our dividend breakeven is under $50 per barrel ... and we can sustain buybacks under $70 per barrel," TotalEnergies CEO Patrick Pouyanne said in the presentation. The announcement comes as oil and gas companies are faced with the prospect of potentially slowing dividend payouts and share buybacks after Brent plunged below $70 in September, clawing its way back this week with escalating Middle East tensions. TotalEnergies is eyeing upstream output costs of around $5 per barrel for 2024. Earlier this week, the company greenlighted a $10.5 billion development project for Suriname’s offshore oil and gas Block 58, with APA Corporation, with output expected in the first half of 2028. “Oil & Gas production average growth of ~3% per year to 2030, led by LNG, thanks to the launch of six major projects in 2024 (two in Brazil, Suriname, Angola, Oman, Nigeria) that de-risk, high-grade and extend guidance from 2028 to 2030,” TotalEnergies said in its presentation, adding that over the next two years, growth will surpass 3% annually due to the start-up of high-margin projects in the U.S. Gulf of Mexico, Brazil, Iraq, Uganda, Argentina, Malaysia and Qatar. “In 2024, the Company has also de-risked its LNG exposure to spot gas prices by signing long-term LNG sales contracts mainly indexed on Brent and by developing its upstream gas production in the US through two low-cost acquisitions,” Total said, with Pouyanne warning that there will be 50 million tons of new LNG supply per year representing 10% more than the market can handle. By Charles Kennedy for Oilprice.com |
Posted at 26/9/2024 07:42 by waldron TotalEnergies to Supply LNG to Korea's HD Hyundai Chemicalby Rocky Teodoro | Rigzone Staff | Wednesday, September 25, 2024 | 8:47 AM EST 'This agreement allows us to continue securing long-term sales in Asia and reduce our exposure to spot market gas prices'. TotalEnergies SE has signed a heads of agreement (HoA) with South Korea’s HD Hyundai Chemical. The agreement, with prices indexed both to Brent and Henry Hub, is for the delivery of 200,000 tons of liquefied natural gas (LNG) per year for seven years starting in 2027, the French oil major said in a news release. The agreement strengthens TotalEnergies’ long-term position in South Korea, the world’s third-largest LNG-importing country, the company said. In Asia, LNG serves as a true transition energy, mitigating the intermittency of renewable energy sources and reducing emissions when it replaces coal in electricity generation, the company noted. “We are pleased with this agreement with HD Hyundai Chemical, which will supply natural gas to one of their industrial sites. This agreement allows us to continue securing long-term sales in Asia and reduce our exposure to spot market gas prices,” Gregory Joffroy, Senior Vice President for LNG at TotalEnergies, said. TotalEnergies said it is the world’s third largest LNG player with a global portfolio. The company benefits from an integrated position across the LNG value chain, including production, transportation, access to regasification capacity in Europe, trading, and LNG bunkering. Its ambition is to increase the share of natural gas in its sales mix to close to 50% by 2030, to reduce carbon emissions and eliminate methane emissions associated with the gas value chain, and to work with local partners to promote the transition from coal to natural gas, according to the release. SAF Agreement with Air France-KLM Meanwhile, TotalEnergies signed an agreement with Air France-KLM to supply up to 1.5 million tons of sustainable aviation fuel (SAF) to Air France-KLM Group airlines over a 10-year period, until 2035. The agreement marks one of the largest SAF purchase contracts signed by Air France-KLM to date, according to a separate news release. In 2022 and 2023, Air France-KLM was the world's leading SAF user, representing 17 percent and 16 percent of total global production respectively. The contract builds on a memorandum of understanding (MoU) signed in 2022 for the supply of 800,000 tons of SAF. The SAF supplied by TotalEnergies to Air France-KLM will be made from waste and residues from the circular economy and will be produced in TotalEnergies' French and European biorefineries and refineries by coprocessing. The SAF will be used to fuel flights operated by Air France-KLM’s airlines on departure from France, the Netherlands, and other European countries. SAF allows for a reduction in carbon dioxide emissions of at least 75 percent and up to 90 percent over the entire fuel life cycle, compared with fossil fuel equivalents, according to the release. “SAF contributes both to the energy transition of our customers in the aviation sector and to the industrial transition of our refineries. It therefore represents a real 'win-win' for the future of industry and aviation”, Patrick Pouyanné, Chairman and CEO of TotalEnergies, said. “For the past 10 years, we have been pioneers in the field, investing in biorefineries and SAF production facilities in France as well as developing coprocessing technologies in our refineries. Building on these industrial successes, we intend to continue this momentum in Europe and worldwide”. “Securing the volumes of more sustainable aviation fuel needed to decarbonize our activity is a major challenge. This agreement with TotalEnergies is a further step in this direction, and a testament to our long-standing support for the development of SAF production in France and Europe. A solid SAF sector capable of meeting our industry’s needs is a key factor in Europe's sovereignty and energy independence,” Benjamin Smith, CEO of Air France-KLM Group, said. To contact the author, email rocky.teodoro@rigzon |
Posted at 25/9/2024 10:07 by grupo Boursier.com) - TotalEnergies fell by 1% to 61 euros on Wednesday, while RBC Capital maintained its ‘sector performance’ recommendation with an adjusted target of 75 to 80 euros.Jefferies is keeping the stock with a target price of €62, while Kepler Cheuvreux had downgraded the rating to ‘hold’ with a target price of €65. The group announced the signing of a sales agreement (HoA) with HD Hyundai Chemical for the delivery of 200,000 tonnes of LNG per year for 7 years from 2027. With this agreement, the price of which is indexed to Brent and Henry Hub, TotalEnergies strengthens its long-term position in South Korea, the world's third largest importer of LNG. In Asia, LNG is a genuine transitional energy source that compensates for the intermittent nature of renewable energies and helps to reduce emissions when it replaces coal in electricity production. Translated with DeepL.com (free version) |
Posted at 18/9/2024 18:14 by waldron TotalEnergies signs long term LNG agreement with BOTASPublished by Emilie Grant, Editorial Assistant Hydrocarbon Engineering, Wednesday, 18 September 2024 13:30 In line with its strategy to grow its long-term LNG sales, TotalEnergies has announced the signing of a Heads of Agreement (HoA) with BOTAS for the delivery of 1.1 million tpy of LNG, for ten years, starting from 2027. This agreement allows TotalEnergies to strengthen a long-term presence in the Turkish LNG market. Natural gas plays a crucial role as a transition energy, addressing the intermittency of renewable energy sources and reducing emissions by replacing coal in electricity generation. Gregory Joffroy, Senior Vice President, LNG at TotalEnergies, said: “We are pleased to initiate a new long-term collaboration with BOTAS, a key partner for the company in Turkey. This agreement enables us to secure long-term sales and reduce our exposure to spot market gas price fluctuations.” |
Posted at 13/9/2024 11:04 by sarkasm Analysts' ConsensusMean consensus OUTPERFORM Number of Analysts 21 Last Close Price 67.21USD APPROX 60,60 EUROS Average target price 79.19USD APPROX 71,39 EUROS Spread / Average Target +17.81% High Price Target 107.50USD Spread / Highest target +59.94% Low Price Target 71.32USD APPROX 64,31 EUROS Spread / Lowest Target +6.11% |
Posted at 12/9/2024 11:48 by waldron Energy StocksBP shares look undervalued as it offers strong cash flow and double-digit returns at $70-a-barrel oil prices, according to Berenberg. However, the company's 2025 targets seem increasingly difficult, and Berenberg's estimate is about 20% below market expectations for 2025-26 due to weaker commodity prices and refining margins. A worsening outlook for oil and European gas and liquefied natural gas and refining margins will likely put pressure on earnings, cash flow and buybacks in the European energy sector over the coming quarters, Berenberg said, adding that some of this should already be reflected in share prices. TotalEnergies and Shell remain Berenberg's top picks for the sector. |
Posted at 08/9/2024 18:53 by waldron Author Jana KaneUpdated 02Sep.202411:51 The question of whether oil will rise or fall is a pressing concern for traders and investors who closely follow the energy market. Geopolitical and economic factors make oil price forecasting a challenging task. Therefore, it is crucial to analyze expert forecasts before making informed trading decisions. Recent data shows a notable decrease in oil purchases of WTI and Brent among asset managers. According to the Commodity Futures Trading Commission, the pace of reduction is the fastest in 4 years. Meanwhile, OPEC is sticking to its decision for member countries to temporarily reduce production until the end of 2024, preventing further price declines. The overall trend is downward, but oil is susceptible to any geopolitical events that may reverse the current trend. This article analyzes the factors that may affect the price of oil and presents forecasts for the WTI rate. Let's find out what will happen to the WTI rate in the near and distant future. The article covers the following subjects: Highlights and Key Points: WTI Crude Price Forecast for 2024–2030 Oil weekly price forecast as of 02.09.2024 US Crude Oil Technical Analysis Long-Term US Crude Technical Analysis for 2024 Long-Term Trading Plan for WTI Crude Oil Price Forecast for 2024 – Experts Predictions Oil Price Forecast for 2025 – Experts Predictions Long-Term Oil Predictions 2026–2030 Oil Price History Factors that Can Affect the Oil Price Why Oil Is So Popular In Financial Markets? Oil Varieties Conclusion: Is Oil a Good Investment? Oil Price Prediction FAQ Highlights and Key Points: WTI Crude Price Forecast for 2024–2030 The oil price is $67.555 as of 08.09.2024. Most experts assume that oil will fluctuate within the sideways channel of $70.00–$85.00 until the end of 2024, suggesting that the market will remain relatively stable, with minimal price changes. During a sideways market, it is better to open trades near the trading channel's boundaries. Short and long trades can be opened at $87.00 and $68.00, respectively. In the short term, oil is projected to slump to the lower boundary of the sideways channel. If the price goes beyond the key levels, buyers and sellers may develop the trend. The bearish and bullish scenarios assume that the crude price may reach $62.40 or $93.85, depending on the trend direction. Analysts forecast growth for 2025. The average price is predicted to be in the range of $83–$84 per barrel. According to long-term forecasts for 2026–2030, the price is expected to rise to $115 per barrel. Such limited growth typically precludes significant and risky corrections, which could result in financial losses for inexperienced traders. Oil trading can be a lucrative investment opportunity. Oil is one of the world's most widely traded assets. Due to the high trading volumes, you can find favorable buying and selling prices. The oil price is influenced by a number of factors, including geopolitical events, shifts in supply and demand, natural disasters, and political decisions. The market's high volatility presents numerous opportunities for traders to generate profits from both rising and falling prices. Oil can be an excellent asset for investors to diversify their portfolios. Oil trading helps to reduce overall risk, especially if the investment portfolio consists of stocks and bonds. You can trade oil using various instruments such as futures, options, contracts for difference, exchange-traded funds, and even oil company stocks. This wide variety provides flexibility in choosing a trading strategy. Before making any trading decisions, it is essential to conduct a detailed analysis, assess the risks, and compare potential profits with potential losses. Any forecasts should be treated with caution as they may change depending on various factors. USCrude: according to technical analysis, oil continues to fall within the medium-term downtrend. The asset reached its first bearish target of 74.55 last week. The next target is the August low near 71.34. USCRUDE current rate in the Forex market: USCRUDE = $67.772 Sell 67.555 Buy 67.772 Sentiment 99.6% 1-day change -1.96 (-1.35%) Last week, oil started an upward correction and hit the resistance (A) 77.74 - 77.17. Bears managed to hold the price below this area. As a result, the price has dropped and breached the support of 74.55. Therefore, the asset may decline to the August low near 71.34. This week, consider keeping your short trades initiated at the resistance (A) 77.74 - 77.17 open until the price hits the second target near 71.34. As for sales, a stop-loss order can be placed at the breakeven point. If the price consolidates below the August low, the slump will likely continue to the target in the Target Zone 3, 68.46 - 67.95. USCrude trading ideas for the week: Hold up sales opened at resistance (А) 77.74 - 77.17. TakeProfit: 71.34. StopLoss: at the breakeven (77.17). Technical analysis based on margin zones methodology is presented by an independent analyst, Alex Rodionov. On April 5, 2024, the price surged to a high of around $87.10. However, by June 4, it dropped to a low of $72.44. On July 5, the price reached another high of $83.92 and fell to $71.12 on August 5. The decline in the major highs and lows points to a downtrend on the daily chart. The long-term trend's EMA 190 does not show a clear direction and is moving horizontally. The EMA 21 is bearish, which indicates a short-term downtrend. Let's use technical analysis indicators to make a forecast for three months and 2024. In June 2024, the price tried to reverse the long-term downtrend by breaking through the red cloud. WTI traded above the cloud for some time but failed to form an upward movement. As a result, the asset fell again and reached below the June low near the support of $72.45. Oil is trading in a long-term downtrend. The red cloud emerging on the right side of the current price confirms this. Tenkan and Kijun lines are descending, meaning the short-term and medium-term trends are also bearish. The nearest unconfirmed resistance level is at $74.50. If bears manage to hold the price below this level, the decline will continue to $72.45. The Tenkan line located near this level provides additional strength to the $74.50 level. The chart shows the August high of $78.10, which serves as resistance. If the price breaks through the $74.50 level, the growth will continue to $78.10. Consider short trades at this level. The Kijun line located near this mark adds strength to this level. The downtrend is expected to continue for the next three months. Therefore, consider short trades at the resistance levels of $74.50 and $78.10 with the target of $72.45. If the asset breaches the $72.45 level, the decline will continue to $70.00 and $67.65. The oil's key support is the December 2023 low near $68.00. If the price breaks through this level, bears may push the quotes down to $62.40. The key resistance is the April 2024 high near $87.00. If the price breaches this level, the asset may rise to $93.85 in the long term. Therefore, the quotes are expected to move either to the upper or lower boundary of the channel in the remaining half of 2024. Besides, the asset will likely try to break through the key resistance or support. If so, the price will move further to the breakout level. The highest bullish target for 2024 is $93.85, and the lowest bearish one is $62.40. The oil is trading in a short-term downtrend. Therefore, the quotes may decline after a correction in the next month. The bearish target is the August 2024 low near $71.20. In the next three months, the price will be trading flat within the $68.00–$87.00 range. If the rate breaches the range boundaries, the asset will trade in a wider channel of $62.40–$93.84. Long-term trading requires focusing on the global trend, which has remained bearish since March 2022. Therefore, the price may try to break the support of $68.00 in 2024. If oil breaks through the $68.00 level, the price may reach below the 2023 low and decline to $62.40. The negative outlook will remain valid if the price fails to break through the resistance of $87.00 marked on the weekly chart. If oil breaches this level, the quotes will grow to $93.85. If the price consolidates above $93.85, the downtrend may reverse. If so, the asset may reach above the 2022 highs near $126.00. |
Posted at 26/7/2024 08:05 by ariane TotalEnergies to Buy Half of OranjeWind to Power Hydrogen Projectsby Jov Onsat | Rigzone Staff | Friday, July 26, 2024 | 2:45 AM EST RWE agreed to farm out a 50 percent stake in a planned 795-MW offshore wind farm in the Netherlands to TotalEnergies, which plans to use its share of the generation to power electrolyzer projects. RWE AG has agreed to farm out a 50 percent stake in a planned 795-megawatt (MW) offshore wind farm in the Netherlands to TotalEnergies SE, which plans to use its share of the generation to power electrolyzer projects. The partners have now also taken a final investment decision on the project, to rise on the Dutch side of the North Sea 53 kilometers (32.9 miles) off the coast of the town of Ijmuiden, German renewable electricity producer RWE said in a statement. “TotalEnergies plans to decarbonize its European refineries' hydrogen and cut its CO2 emissions by around 5 million tons per year by 2030”, the French energy giant said in a separate press release. “In this context, the Company intends to allocate its share in OranjeWind to produce electricity to generate green hydrogen via electrolysis. “The production of this green or low-carbon hydrogen, which will replace the hydrogen currently consumed in TotalEnergies' refineries, will avoid the emission of approximately 400,000 tons of CO2 per year. “The project is a new milestone towards TotalEnergies’ goal of a 40 percent reduction in net greenhouse gas emissions linked directly to its oil and gas operations (Scope 1 and 2) by 2030, compared to the 2015 baseline”. Expected to start service early 2028, OranjeWind will have an annual power production of about three terawatt hours, enough for over one million Dutch households, according to RWE. OranjeWind is its first offshore wind project in the Netherlands. The facility will be integrated into the Dutch energy distribution system “to address the challenges presented by matching intermittent electricity production from renewables with flexible demand for energy”, RWE said. “To this end, each partner will deliver their allocated part of system integration solutions, including electrolyzers, smart charging solutions for electric vehicles, e-boilers for heating and battery storage”, it said. Offshore construction is scheduled to launch 2026, with suppliers already selected for main components, RWE said. Vestas will deliver 53 turbines with a capacity of 15 MW each while the monopiles will come from SiF, with Jan De Nul contracted to install these components. TKF will supply inter-array cables, while TenneT will implement the offshore-to-onshore grid connection. OranjeWind will demonstrate a seabed battery system developed by Verlume and a pumped hydro-storage system from Ocean Grazer. The developers also plan to use scanning LiDAR (light detection and ranging system) to accurately measure wind at long ranges. To maximize the project area, RWE has also partnered with SolarDuck, a Dutch-Norwegian provider of offshore floating solutions for solar energy, to develop a demonstration floating solar farm. “Part of the OranjeWind project is also to accelerate the commercial application of new offshore technologies by supporting a vast amount of innovators and start-ups in demonstrating their innovation in an operational environment”, RWE said. Sven Utermöhlen, chief executive for offshore wind at RWE, said, “The Netherlands is one of our strategic core markets to grow our green portfolio”. To contact the author, email jov.onsat@rigzone.co |
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