French oil group Total and Macquarie to develop South Korea wind projects

The wind projects have a potential cumulated capacity of more than 2 gigawatts

  
The logo of French oil giant Total is seen at a gas station in La Defense business and financial district in Courbevoie, near Paris, France, May 14, 2018.

The logo of French oil giant Total is seen at a gas station in La Defense business and financial district in Courbevoie, near Paris, France, May 14, 2018.

REUTERS/Charles Platiau

PARIS - French energy group Total and Macquarie's Green Investment Group have concluded a partnership to develop five large floating offshore wind projects in South Korea, said Total on Tuesday.

The wind projects have a potential cumulated capacity of more than 2 gigawatts (GW), and Total and Macquarie aim to launch construction of the first project of around 500 megawatts by end 2023.

"Our entry in the floating offshore wind segment in South Korea is in line with Total’s strategy to profitably develop renewable energy worldwide and contribute to our net zero ambition," said Total Chairman and CEO Patrick Pouyanné.

(Reporting by Sudip Kar-Gupta; Editing by Kim Coghill) ((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84;))


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