TotalEnergies Gets $420 Million Investment From Corio, Rise in US Wind Project
23 Oktober 2023 - 8:42AM
Dow Jones News
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)
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