Total S.A.
20 June 2005
Total Partners Development of Wave Power,
a New Renewable Energy
Paris, June 20, 2005 - As part of its commitment to renewable energies such as
solar power and wind energy, Total has decided to participate in a third option
for renewables-based power generation, through the acquisition of a 10% interest
in a pilot project offshore Santona, northern Spain, to develop ocean swell and
wave power.
The other partners are Iberdrola(1) (60%), Sodercan(2) (10%), IDAE(3) (10%), and
Ocean Power Technologies (OPT) (10%), which is supplying the technology, already
implemented offshore the United States. Studies are in progress to design and
size the installations, in particular generation capacity, which is expected to
be around 1.5 MW.
This research and development project will help to define the technical and
financial potential of wave power which works by capturing and converting the
energy of waves into a controlled mechanical force that drives an electrical
generator.
Total has also signed an agreement with Iberdrola and OPT to study
implementation of wave power in France. Initially, the partners will identify
potential sites offshore the French coast. If conditions are favourable, in
particular among local populations, they could later develop one or more power
generation units.
With this transaction, Total confirms its long-standing interest in renewable
energies. The Group has been active in photovoltaic solar power for more than 20
years, operating through two companies, Photovoltech and Tenesol. Following the
inauguration of its first wind farm near Dunkirk in 2003, France, Total is now
actively looking at a number of large-scale onshore and offshore wind power
projects in Europe, especially in France, Spain and the United Kingdom.
* * * * * * *
Total is the fourth largest oil and gas company in the world with operations in
more than 130 countries. Total's activities cover the whole energy chain of the
petroleum industry: exploration, oil and gas production, refining and marketing,
trading and power generation. The Group is also a major player in chemicals.
Total has more than 111,000 employees worldwide. More information can be found
on the company's website: www.total.com
1 Spain's Iberdrola is a leading European electrical utility and one of the
world's leading producers of renewables-based power.
2 Sociedad para el Desarrollo de Cantabria: Cantabria Regional Development
Agency.
3 Institute para la Diversificacion y el Ahorro Energetico: Spanish Institute
for Energy Diversification and Conservation.
This information is provided by RNS
The company news service from the London Stock Exchange
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