Integrated Power: TotalEnergies Sells 50% of its Shares in a Gas Power Plant in the United Kingdom
TotalEnergies (TTE) has announced the sale of 50% of its shares in West Burton Energy to EPUKI, EPH's UK subsidiary. West Burton Energy owns a 1.3 GW gas-fired power plant and a 49 MW battery storage system in the UK. The plant will be jointly operated by TotalEnergies and EPUKI. This strategic move aligns with TotalEnergies' plan to maintain 700 MW of net flexible generation capacity to support its renewable growth in the UK. The company aims to achieve a 12% return from its Integrated Power business by 2030.
TotalEnergies has a significant presence in the UK, operating 30% of the UK Continental Shelf's gas production, with daily production of 142,000 boe/d in 2023. The company's renewable portfolio includes 1.1 GW of installed capacity and 4.5 GW under development.
TotalEnergies (TTE) ha annunciato la vendita del 50% delle sue azioni in West Burton Energy a EPUKI, la sussidiaria britannica di EPH. West Burton Energy possiede una centrale elettrica a gas da 1,3 GW e un sistema di stoccaggio a batteria da 49 MW nel Regno Unito. La centrale sarà gestita congiuntamente da TotalEnergies ed EPUKI. Questa mossa strategica si allinea con il piano di TotalEnergies di mantenere una capacità di generazione netta flessibile di 700 MW per supportare la sua crescita rinnovabile nel Regno Unito. L'azienda punta a raggiungere un ritorno del 12% dal suo business Integrated Power entro il 2030.
TotalEnergies ha una presenza significativa nel Regno Unito, operando il 30% della produzione di gas della piattaforma continentale britannica, con una produzione giornaliera di 142.000 boe/d nel 2023. Il portafoglio rinnovabile dell'azienda comprende 1,1 GW di capacità installata e 4,5 GW in fase di sviluppo.
TotalEnergies (TTE) ha anunciado la venta del 50% de sus acciones en West Burton Energy a EPUKI, la filial del Reino Unido de EPH. West Burton Energy posee una planta de generación de gas de 1,3 GW y un sistema de almacenamiento de baterías de 49 MW en el Reino Unido. La planta será operada conjuntamente por TotalEnergies y EPUKI. Este movimiento estratégico se alinea con el plan de TotalEnergies de mantener una capacidad de generación flexible neta de 700 MW para apoyar su crecimiento renovable en el Reino Unido. La empresa busca alcanzar un retorno del 12% de su negocio Integrated Power para el 2030.
TotalEnergies tiene una presencia significativa en el Reino Unido, operando el 30% de la producción de gas de la Plataforma Continental del Reino Unido, con una producción diaria de 142,000 boe/d en 2023. El portafolio renovable de la empresa incluye 1,1 GW de capacidad instalada y 4,5 GW en desarrollo.
TotalEnergies (TTE)는 West Burton Energy의 50% 지분을 EPH의 영국 자회사 EPUKI에 매각한다고 발표했습니다. West Burton Energy는 영국에 1.3 GW의 가스 발전소와 49 MW의 배터리 저장 시스템을 소유하고 있습니다. 발전소는 TotalEnergies와 EPUKI가 공동 운영할 예정입니다. 이 전략적 움직임은 TotalEnergies가 영국에서의 재생 가능 성장 지원을 위해 700 MW의 순 유연한 발전 용량을 유지하려는 계획과 일치합니다. 회사는 2030년까지 Integrated Power 사업에서 12%의 수익을 달성할 목표를 가지고 있습니다.
TotalEnergies는 영국에서 중요한 존재감을 가지고 있으며, 2023년 영국 대륙붕의 30% 가스 생산을 운영하고 하루 142,000 boe/d의 생산을 이루고 있습니다. 회사의 재생 가능 포트폴리오에는 1.1 GW의 설치 용량과 4.5 GW의 개발 중인 용량이 포함되어 있습니다.
TotalEnergies (TTE) a annoncé la vente de 50% de ses actions dans West Burton Energy à EPUKI, la filiale britannique d'EPH. West Burton Energy possède une centrale à gaz de 1,3 GW et un système de stockage par batterie de 49 MW au Royaume-Uni. La centrale sera exploitée conjointement par TotalEnergies et EPUKI. Ce déplacement stratégique s'inscrit dans le cadre du plan de TotalEnergies visant à maintenir une capacité de production nette flexible de 700 MW pour soutenir sa croissance renouvelable au Royaume-Uni. L'entreprise vise à atteindre un retour de 12% de son activité Integrated Power d'ici 2030.
TotalEnergies a une présence significative au Royaume-Uni, opérant 30% de la production de gaz du plateau continental britannique, avec une production quotidienne de 142 000 boe/jour en 2023. Le portefeuille renouvelable de l'entreprise comprend 1,1 GW de capacité installée et 4,5 GW en développement.
TotalEnergies (TTE) hat den Verkauf von 50% seiner Anteile an West Burton Energy an EPUKI, die britische Tochtergesellschaft von EPH, angekündigt. West Burton Energy betreibt ein 1,3 GW Gas-Kraftwerk und ein 49 MW Batteriespeichersystem im Vereinigten Königreich. Das Kraftwerk wird gemeinsam von TotalEnergies und EPUKI betrieben. Dieser strategische Schritt steht im Einklang mit TotalEnergies' Plan, 700 MW Nettokapazität für flexible Stromerzeugung aufrechtzuerhalten, um das Wachstum erneuerbarer Energien im Vereinigten Königreich zu unterstützen. Das Unternehmen hat sich zum Ziel gesetzt, bis 2030 eine Rendite von 12% aus seinem Integrated Power-Geschäft zu erzielen.
TotalEnergies hat eine bedeutende Präsenz im Vereinigten Königreich und betreibt 30% der Gasproduktion des britischen Kontinentalregals mit einer täglichen Produktion von 142.000 boe/d im Jahr 2023. Das erneuerbare Portfolio des Unternehmens umfasst 1,1 GW installierte Kapazität und 4,5 GW in der Entwicklung.
- Strategic alignment of flexible generation capacity at 700 MW to support renewables growth
- Strong UK market presence with 30% of Continental Shelf's gas production
- Substantial renewable portfolio with 1.1 GW installed capacity and 4.5 GW under development
- Clear target of 12% return from Integrated Power business by 2030
- None.
Insights
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the sale to EPUKI, the
West Burton Energy owns a 1.3 GW gas fired power plant and a 49 MW battery storage system in the
“We are delighted to partner with EPH, a recognized and experienced power producer in the
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TotalEnergies in the
TotalEnergies has been present in the
TotalEnergies is deploying its Integrated Power strategy in the
The Company is one of the UK’s largest suppliers of gas and electricity to businesses and the public sector. TotalEnergies also offers EV charging solutions and markets petroleum products including lubricants, aviation fuel, bitumen and specialty fluids.
TotalEnergies and electricity
As part of its ambition to get to net zero by 2050, TotalEnergies is building a world class cost-competitive portfolio combining renewables (solar, onshore and offshore wind) and flexible assets (CCGT, storage) to deliver clean firm power to its customers. By the end of 2024, TotalEnergies’ gross renewable electricity generation installed capacity reached over 24 GW. TotalEnergies will continue to expand this business to reach 35 GW in 2025 and more than 100 TWh of net electricity production by 2030.
About TotalEnergies
TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.
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Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).
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FAQ
What is the capacity of the West Burton Energy power plant that TTE partially sold?
How much of TTE's West Burton Energy shares were sold to EPUKI?
What is TTE's renewable energy capacity target for 2025?
What is TotalEnergies' current daily production in the UK Continental Shelf?
What is TTE's target return for its Integrated Power business by 2030?
