EQNR - TotalEnergies weighs stake in world's largest offshore wind farm - Bloomberg

TotalEnergies (TTE +0.5%) is considering buying a stake in the Dogger Bank wind project in the North Sea currently under development by Equinor (NYSE:EQNR) and SSE (OTCPK:SSEZY), Bloomberg reports. The company could buy a ~20% stake in the third phase of the North Sea project that is planned to be the world's largest offshore wind farm, according to the report. Equinor and SSE have divided the Dogger Bank project into three 1.2 GW sections and are each expected to sell 10% stakes in the third phase after last year selling a combined 20% stake in the first two phases to Eni. "TotalEnergies is a reorganized company for a reorganized environment," and posted strong Q2 earnings, The Value Portfolio writes in a bullish analysis published recently on Seeking Alpha.

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TotalEnergies weighs stake in world's largest offshore wind farm - Bloomberg