French energy giant TotalEnergies is selling half its stake West Burton Energy to Czech EPH, it said December 16. TotalEnergies bought all the shares in June with the plan of selling half.
West Burton Energy owns a 1.3-GW gas fired power plant and a 49-MW battery storage system. The plant will be operated by the joint venture between TotalEnergies and EPUKI.
TotalEnergies said the sale meant it had net flexible generation capacity of 700 MW, “which is consistent with the capacity required to support our Renewables growth in the UK. This integration between flexible and renewable assets will contribute to the objective of our Integrated Power business to reach 12% return by 2030.”
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