Total Energies Sells 50 % of its Shares in West Burton Energy

Business Strategy Total Energies Sells 50 % of its Shares in West Burton Energy

2024-12-17 Source: Press release Total Energies 1 min Reading Time

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Total Energies has sold 50 % of its shares in West Burton Energy, a company that owns a 1.3 GW gas fired power plant and a 49 MW battery storage system in the UK, to EPUKI. The plant will now be operated by the joint venture between Total Energies and EPUKI.

The plant will be operated by the joint venture between Total Energies and EPUKI.(Source: Pixabay) — The plant will be operated by the joint venture between Total Energies and EPUKI.
(Source: Pixabay)

Paris/France – Total Energies 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 United Kingdom. The plant will be operated by the joint venture between Total Energies and EPUKI.

“We are delighted to partner with EPH, a recognized and experienced power producer in the United Kingdom. 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 United Kingdom. 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 Total Energies.

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