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Total to sell 25% stake in 1.1GW Seagreen

RICHARD HEAP

December 22, 2023

French oil giant Total Energies is selling a 25.5% stake in the 1.1GW Seagreen offshore wind farm in UK waters for £522m to Thailand’s PTT Exploration & Production.

Total Energies and PTT will each own 25.5% stakes in the 114-turbine Seagreen, which was commissioned in October 2023, and SSE Renewables will hold the remaining 49%.

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