TotalEnergies signs are seen at a petrol station in Nice, France, October 10, 2022. REUTERS/Eric Gaillard/File Photo Acquire Licensing Rights
French energy company TotalEnergies (TTEF.PA) said on Monday it had partnered with Corio Generation and Rise Light & Power for the joint development of a wind project off the coast of New York and New Jersey.
Corio Generation and Rise Light & Power will get a 27.7% and 16.3% stake in the Attentive Energy project respectively, with TotalEnergies receiving $420 million in return. TotalEnergies will hold the remaining 56% of the project.
On completion, the project will provide electricity to more than 1 million homes across both states, TotalEnergies said.