TotalEnergies' (TTE) Centre Manche Energies subsidiary has applied for regulatory authorization for a 1.5-gigawatt offshore windfarm project in Normandy, France, the energy company said Thursday.
The 4.5 billion-euro ($5.23 billion) investment is expected to create up to 2,500 jobs during the three-year construction phase, TotalEnergies said.
TotalEnergies (TTE.PA, TTE.L) is seeking authorization for its planned 1.5-gigawatt offshore wind farm off the coast of Normandy, France.The energy giant's project company, Centre Manche Energies, officially submitted an application for the project's single authorization, according to a Thursday filing. The project is expected to be completed in three years with an estimated cost of 4.5 billion euros.
Borregaard (BRG.OL) concluded the repurchase of up to 300,000 shares through a share buyback program set to run from May 11 to June 18.The biorefinery operator bought back the shares at a weighted average price of 145.9759 Norwegian kroner apiece for a total consideration of 43.8 million kroner, according to a Thursday release.
Borr Drilling (BORR.OL) units Borr IHC and Borr Finance priced an offering of senior secured notes worth $2.04 billion, according to a Thursday release.The offering comprises $1.10 billion of 8.750% senior secured notes due 2032 and an $935 million of 9% of senior secured notes due 2034, which were upsized by $435 million. Settlement is expected by June 10, 2026, subject to customary closing conditions.The drilling contractor added that proceeds from the offering will be used to redeem or refinance $1.13 billion of outstanding 10% senior secured notes due 2028, $770.7 million of outstanding 10.375% senior secured notes due 2030, for general corporate purposes, and to cover the fees and expenses of the offering.