The French oil and gas company TotalEnergies has signed an agreement with EIG, an institutional investment fund in the energy sector, to acquire the 1.3 GW West Burton B gas-fired power plant located in Nottinghamshire, England (United Kingdom). TotalEnergies will acquire all the shares of West Burton Energy for an enterprise value of £450m (€529m).
West Burton B, commissioned in 2013, comprises three combined-cycle gas turbines (CCGT) with total output of 1.3 GW. A 49 MW battery storage system was added to the plant in 2018. The power plant currently supplies around 1.8 million UK households.
TotalEnergies currently has a renewable project portfolio in the United Kingdom amounting to 1.1 GW gross installed capacity and 4.5 GW under development. The company estimates its need for gas-based electricity production capacity at 700 MW and plans to sell 50% of the acquired assets.
Interested in Power Plants?
Enerdata has developed a market research service to screen, monitor and analyse the development of power generation assets.
Power Plant Tracker offers an interactive database and a powerful search engine covering power plants worldwide – including both installed and planned capacities for renewables and fossil fuels.