TotalEnergies has signed a £450m deal with EIG to buy all the shares of West Burton Energy, which owns and operates the West Burton B gas-fired power plant in Nottinghamshire, England.
West Burton B comprises three combined-cycle gas turbines (CCGT) with total output of 1.3 GW. Commissioned in 2013, it supplies around 1.8 million homes. A 49 MW battery storage system was added in 2018.
TotalEnergies said the acquisition rounds out its renewable power generation capacity in the UK with a ‘flexible asset’ that mitigates intermittency.
Its portfolio currently stands at 1.1 GW of gross installed capacity with 4.5 GW under development, TotalEnergies assesses its need for gas-based power generation capacity at 700 MW; the company therefore plans to sell 50% of the acquired assets.
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