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  4. TotalEnergies sells 50% of its shares in a gas power plant in the UK

TotalEnergies sells 50% of its shares in a gas power plant in the UK

Published by , Assistant Editor
Hydrocarbon Engineering,

TotalEnergies has announced 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 UK. The plant will be operated by the joint venture between TotalEnergies and EPUKI.

“We are delighted to partner with EPH, a recognised and experienced power producer in the UK. 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 UK. 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.

Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/16122024/totalenergies-sells-50-of-its-shares-in-a-gas-power-plant-in-the-uk/

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