TotalEnergies Sells 50% of its Shares in a Gas Power Plant in the United Kingdom
17 December 2024
TotalEnergies announces the sale to EPUKI, the UK subsidiary of EPH, of 50% of its shares in West Burton Energy, a company wholly acquired in June 2024 with the announced intention to resale one half.
West Burton Energy owns a 1.3 GW gas fired power plant and a 49 MW battery storage system in the United Kingdom. The plant will be operated by the joint venture between TotalEnergies and EPUKI.
“We are delighted to partner with EPH, a recognized and experienced power producer in the United Kingdom. Thanks to this operation, we are adjusting our net flexible generation capacity at 700 MW, which is consistent with the capacity required to support our Renewables growth in the United Kingdom. This integration between flexible and renewable assets will contribute to the objective of our Integrated Power business to reach 12% return by 2030”, said Sophie Chevalier, Senior Vice President Flexible Power & Integration at TotalEnergies.
Related
-
Financing secured for 62 MW solar project in Togo
14 May 2025
-
Saudi’s MoD, NCP launch tendering process for Riyadh Administrative Office PPP project
14 May 2025
-
Masdar signs agreement to develop renewable energy projects in Kazakhstan
14 May 2025
-
Sumitomo and EWEC extended PPA for gas-fired power plant
12 May 2025
-
Adani Group, Druk Green Power to develop 5GW hydropower projects in Bhutan
11 May 2025
-
Siemens Energy signs preliminary 14GW Iraq pact
10 May 2025