TotalEnergies and Corio Generation to form a joint venture.

TotalEnergies and Corio Generation, two offshore wind and renewable energy developers, agreed to form a joint venture. Financial terms were not disclosed. “We are very pleased to team up again with our strategic partner Corio, this time to develop offshore wind in Taiwan. This marks a new step toward supporting Taiwan’s energy transition, bringing sustainable, low-cost energy to the country. It also demonstrates our dedication to build up our global multi-energy business model through a series of investments to grow our worldwide renewable portfolio from 17 GW in 2022 to 35 GW in 2025, in line with our ambition to be one of the top 5 renewables developers by 2030,” Vincent Stoquart, TotalEnergies Senior Vice-President Renewables.