Market Chatter: TotalEnergies' Wind Farm Venture Delays Government Contract in UK

MT Newswires Live04-27

The UK's Seagreen wind farm, which is 25.5%-owned by TotalEnergies (TTE), has delayed a fixed-price government contract, preferring to sell electricity at higher market rates, Bloomberg reported Monday, citing data that it compiled.

Seagreen will delay the contract until fall, instead of starting at the end of March, Bloomberg reported, citing the data.

Seagreen is 49%-owned by SSE Renewables, while Thailand's PTTEP owns the remaining 25.5% stake, according to TotalEnergies' website.

TotalEnergies and SSE did not immediately respond to MT Newswires' requests for comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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