Total acquires 51% stake in £3bn North Sea wind project

FINANCIAL TIMES 🔒| Total is to acquire a majority stake in a £3bn North Sea renewable energy project from UK utility SSE, marking the French oil major’s first significant move into offshore wind.

For the 51 per cent share in what will be Scotland’s biggest offshore wind farm, Total on Wednesday said it would pay £70m upfront when the deal closes and £60m from earnings to the seller, subject to performance. 

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