UPDATE - Total, Iberdrola form 50/50 alliance to tackle Thor

Offshore wind farm. Photo by: Iberdrola (www.iberdrola.com).

January 14 (Renewables Now) - France’s Total SE (EPA:FP) and Iberdrola SA (BME:IBE) of Spain confirmed today that they are taking part in a 1-GW Danish offshore wind tender through a 50/50 partnership.

As announced separately by the Danish Energy Agency, a joint application by Total and Iberdrola was one of six pre-qualified to participate in the upcoming auction for the Thor offshore wind farm in the North Sea. The particular plant will have a total capacity of 800 MW-1,000 MW.

The timetable for the tendering procedure includes an initial tender with a March 15 deadline and a final tender with a November 8 deadline. The winner, which is supposed to be decided on December 3, will get a 30-year licence with the possibility for a five-year extension. It should complete the project by end-2027 at the latest.

Total’s Country Chair in Denmark, Martin Rune Pedersen, commented that the company’s involvement in the Thor tender aligns with its goal to achieve net zero by 2050. The French energy major has more than half a century of offshore operational experience in Denmark, he noted.

Total aims to hit 35 GW of installed renewable energy production capacity by 2025, up from 7 GW presently.

Meanwhile, Iberdrola targets 4 GW of offshore wind capacity by the same year in addition to 26 GW of onshore wind, 16 GW of solar and 14 GW of hydroelectric plants.

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