TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces the sale to EPUKI, the UK subsidiary of EPH, of 50% of its shares in West Burton Energy, a company wholly acquired in June 2024 with the announced intention to resale one half.
TotalEnergies has sold 50 per cent of its shares in West Burton Energy to EPUKI, UK subsidiary of EPH.
West Burton Energy owns a 1.3 GW gas power plant and a 49 MW battery storage system.
The joint venture will operate the plant, aligning TotalEnergies’ 700 MW flexible capacity with its renewable growth targets in the UK, supporting its goal of 12 per cent returns by 2030.
West Burton Energy owns a 1.3 GW gas fired power plant and a 49 MW battery storage system in the United Kingdom. The plant will be operated by the joint venture between TotalEnergies and EPUKI.
“We are delighted to partner with EPH, a recognized and experienced power producer in the United Kingdom. Thanks to this operation, we are adjusting our net flexible generation capacity at 700 MW, which is consistent with the capacity required to support our Renewables growth in the United Kingdom. This integration between flexible and renewable assets will contribute to the objective of our Integrated Power business to reach 12% return by 2030,” said Sophie Chevalier, senior vice president Flexible Power & Integration at TotalEnergies.
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