Cork-based Simply Blue Group, a pioneer in floating offshore wind and US company 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 U.S. offshore wind industry, to unlock untapped deep-water opportunities that will provide renewable electricity to millions of U.S. 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 3.2 GW of offshore wind in development off Ireland and the UK.
TotalEnergies has over 6 GW of offshore wind in development around the globe, of which over 40% is comprised of floating offshore wind including over 2 GW of floating wind projects in South Korea.
Simply Blue Group’s joint venture with TotalEnergies marks a significant step for the company in its ambition to develop floating offshore wind projects in the US market.
“The future and next frontier of U.S. offshore wind is floating. This joint venture with TotalEnergies has everything we need to deliver floating offshore wind on America’s coasts,” said Sam Roch-Perks, CEO, Simply Blue. “Almost two-thirds of U.S. 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.”
“Our ambition is to install 100 gigawatts 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,” said Stéphane Michel, President, Gas, Renewables & Power at TotalEnergies. “We are convinced of the large potential of floating offshore wind to provide U.S. coasts with renewable electricity, and are committed to contribute our extensive expertise in offshore projects to make it happen.”
“Offshore wind has arrived. To bring its full benefits to market, we need to go big and go deep,” said Stephanie McClellan, Ph.D., Chief of Strategy & Policy, TotalEnergies SBE US and founder, Special Initiative on Offshore Wind. “TotalEnergies SBE US will accelerate development of U.S. floating wind, and help states and the federal government meet their clean power goals.”