Total Said to Weigh Selling Stake in Giant Scottish Wind Farm

Oct. 5, 2023, 3:16 PM UTC

TotalEnergies SE is weighing a sale of part of its stake in Scotland’s largest offshore wind farm, people with knowledge of the matter said.

The French energy group is working with an adviser on the sale of a roughly 25% holding in Seagreen Wind Energy, a joint venture it runs with SSE Plc’s renewables arm, according to the people. The stake could fetch hundreds of millions of dollars, they said.

Seagreen is a £3 billion ($3.6 billion) project to create the world’s deepest fixed bottom offshore wind farm. The UK has some of Europe’s best wind conditions and ...

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