By Kim Richters

 

Total SE said Monday that a joint venture with Green Investment Group has received seabed lease rights to develop an offshore wind project of up to 1.5 gigawatts.

The project would be based off the East Anglian coast of England, said the French energy giant.

Final lease agreements are expected to be signed in 2022, after the assessment of the project's effect on relevant nature conservation sites, said Total.

Green Investment Group is part of Australian financial services group Macquarie Group Ltd.

 

Write to Kim Richters at kim.richters@wsj.com

 

(END) Dow Jones Newswires

February 08, 2021 02:54 ET (07:54 GMT)

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