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Total acquires Global Power Wind France

20/03/2020
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Total has acquired a 100% ownership in the wind turbine project developer Global Wind Power France.

Total are growing their renewable energy business in France
(Image via Global Wind Power)

The company currently holds a 1000MW portfolio of onshore wind projects, with 250MW due to come on stream in the next five years. 

Founded in 1999, Global Wind Power specialises in developing, selling and managing wind turbines across Europe. 

Through purchasing the company, Total hope to increase their growth in the renewable energy market in line with its target objective of 15-20% of the sales mix by 2040. The purchase is being carried out through their French renewable subsidiary, Total Quadran - which develops, builds and operates renewable electricity generation resources (wind, photovoltaic, hydro and biogas) and currently operates over 300 renewable energy plants in France, generating up to 1,765GWh of renewable energy per year. 

The existing teams at Global Wind Power will transfer to Total Quadran. 

“Following Vents d’Oc’ acquisition in 2019, this new investment demonstrates Total’s commitment to expand in all types of renewable energy while contributing to France's energy transition goals. It strengthens Total Quadran’s footprint adding to its existing portfolio of nearly 1000 MW of installed and operated capacity, including over 500 MW of onshore wind and confirms its ambition to be one of the main players on France’s renewables market,” said Philippe Sauquet, President Gas, Renewables and Power at Total.

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Total acquires Global Power Wind France - Time to read 2 min
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