TotalEnergies has agreed to sell a 25.5% stake in the Seagreen offshore wind farm to Thai state-owned oil and gas company PTTEP for £522 million (€605 million).
When the transaction closes, TotalEnergies and PTTEP will both hold 25.5% stakes in Seagreen, while SSE Renewables will own 49%.
The project in the Scottish North Sea was commissioned last year and features 114 of Vestas’ V164-10.0MW turbines.
Meanwhile, having acquired a minority stake in the 950MW Moray East offshore wind farm in September 2023, investment fund manager Equitix has acquired a further 10% stake.
“uåX˜äŠÊ˜·³Ç has asked Equitix to confirm the new ownership structure of the project in the Scottish North Sea.
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