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TotalEnergies SE - Paris-based oil major - Alongside partner SSE Renewables, a division of Perth, Scotland-based electricity provider SSE PLC, announces first power generation from $4.3 billion Seagreen offshore wind farm, around 27 kilometres off the coast of Angus, in Scotland. Says the 1075 megawatt farm is targeted to be fully operational in the first half of next year. TotalEnergies agreed with SSE Renewables to acquire a 51% stake in the project back in June, 2020. The site is expected to produce 5 terawatt hours of renewable electricity per annum once fully operation; enough to power 1.6 million households.
Current TotalEnergies stock price: €53.04
12-month change: up 43%
Current SSE stock price: 1,861.00 pence
12-month change: up 14%
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