TotalEnergies has agreed to purchase the 1.3GW West Burton B gas-fired power plant in Nottinghamshire, England from institutional energy investor EIG.
The £450m ($575m) deal includes all shares of West Burton Energy, which owns and operates the facility.
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The West Burton B plant consists of three combined-cycle gas turbines with a total capacity of 1.3GW.
Operational since 2013, it is one of the UK’s most advanced power plants, providing electricity to 1.8 million households.
In 2018 the facility was enhanced by adding a 49MW battery storage system.
The strategic acquisition complements TotalEnergies’ existing renewable energy operations in the UK, adding a versatile asset to its portfolio.
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By GlobalDataThe asset will counteract the variability of renewable energy sources, ensuring a stable power supply.
TotalEnergies’ renewable energy capacity in the UK includes 1.1GW of installed capacity and 4.5GW in development.
TotalEnergies has assessed its requirements for gas-based power generation to be 700MW and plans to divest a 50% stake in the newly acquired assets.
The acquisition is expected to bolster TotalEnergies’ position in the UK’s energy trading market and enhance its capacity to serve its 300,000 electricity and gas customer sites across the country.
The company will support the plant’s operations through its substantial natural gas production activities in the UK, where it operates 30% of existing gas projects.
TotalEnergies’ global flexible power generation portfolio will increase to 7GW in gross capacity, complementing its 23GW of gross renewable energy capacity.
In April 2024 TotalEnergies expressed interest in acquiring renewable energy assets from AES Brasil Energia, competing with entities such as China Three Gorges and Auren Energia from Sao Paulo.
