Simply Blue Group and TotalEnergies have launched a joint venture, TotalEnergies SBE US, to unlock the vast potential for floating offshore wind projects in the United States.
TotalEnergies SBE US will combine TotalEnergies’ expertise in large-scale offshore projects with Simply Blue Group’s floating know-how and team of pioneers of the US offshore wind industry.
It is hoped the partnership will unlock untapped deep-water opportunities that will provide renewable electricity to millions of US homes.
Headquartered in Cork, Simply Blue Group is a developer of marine projects focused on floating offshore wind.
It has developed a pipeline of over 9GW of floating offshore wind projects to-date, primarily in Ireland and the UK.
It is developing the Emerald Floating Wind project in the Celtic Sea off Kinsale with Shell and the Blue Gem Wind portfolio of floating wind projects in the Welsh waters of the Celtic Sea with TotalEnergies.
In August of this year, Simply Blue Group announced that Octopus Renewables had invested €15m in the company to help accelerate its expansion in Ireland, the UK and Internationally.
Simply Blue Group has more than 3.2GW of offshore wind in development off Ireland and the UK.
TotalEnergies has over 6GW of offshore wind in development around the globe, of which over 40% is comprised of floating offshore wind including over 2GW of floating wind projects in South Korea.
Simply Blue Group’s joint venture TotalEnergies marks a significant step for the company in its ambition to develop floating offshore wind projects in the US market.
Simply Blue chief executive Sam Roch-Perks said: “The future and next frontier of US offshore wind is floating.
“This joint venture with TotalEnergies has everything we need to deliver floating offshore wind on America’s coasts.
“Almost two-thirds of US offshore wind resources are found in deeper waters that require floating wind platforms.
“TotalEnergies SBE US brings together the scale, expertise, and international track record to responsibly develop floating offshore wind power on all of America’s coasts.”
TotalEnergies’ president for gas, renewables & power Stéphane Michel added: “Our ambition is to install 100GW of global renewable power generation by 2030, part of which will come from floating offshore wind projects.
“We are eager to see this partnership with Simply Blue help our Company meet this goal.
“We are convinced of the large potential of floating offshore wind to provide US coasts with renewable electricity, and are committed to contribute our extensive expertise in offshore projects to make it happen.”