New joint venture TotalEnergies SBE US to target American floating wind

Today, TotalEnergies and Simply Blue Group launched a fresh joint venture, TotalEnergies SBE US, to unlock floating offshore wind potential in the United States.

Simply Blue Group is an Irish-headquartered blue economy developer focussed on replacing fossil fuels with clean ocean energy. It has a pipeline of over 9 GW of floating offshore wind projects, with a special focus on the waters around Ireland and the UK.

TotalEnergies is a global-multi-energy company with a presence in multiple markets, including oil and biofuels, natural and green gases, renewables, and electricity. It is active in over 130 countries, and is building a portfolio of activities in renewables and electricity to account for up to 40% of its sales by 2050.

"Our ambition is to install 100 gigawatts of global renewable power generation by 2030, part of which will come from floating offshore wind projects. We are eager to see this partnership with Simply Blue help our Company meet this goal," said Stéphane Michel, President, Gas, Renewables & Power at TotalEnergies. "We are convinced of the large potential of floating offshore wind to provide U.S. coasts with renewable electricity, and are committed to contribute our extensive expertise in offshore projects to make it happen."

Together, the partners hope to enter the US floating wind market, which is taking off at speed. Earlier this year, the Biden administration set an ambitious goal of 30 GW offshore wind in the US by 2030 (of which just 42 MW is currently operational). Towards the end of this decade, floating wind will be needed to reach this and future targets.

"The future and next frontier of U.S. offshore wind is floating. This joint venture with TotalEnergies has everything we need to deliver floating offshore wind on America's coasts," said Sam Roch-Perks, CEO, Simply Blue. "Almost two-thirds of U.S. offshore wind resources are found in deeper waters that require floating wind platforms. TotalEnergies SBE US brings together the scale, expertise, and international track record to responsibly develop floating offshore wind power on all of America's coasts."

Floating wind is currently being considered in several US states including Oregon and California on the west coast, and Hawaii. The Gulfs of Maine and Mexico may also be suited to the technology.

To view projects on 4C Offshore's interactive map, click here.