Offshore

TotalEnergies logs $700m offshore wind impairment

TotalEnergies booked a $700 million impairment in Q4 2025 mainly tied to offshore wind within its Integrated Power segment. Total impairments reached $900 million, while net renewable generation rose to 8.1 TWh and the portfolio increased to 19 GW.

12, February 2026
464 Views

TotalEnergies booked a $700 million impairment in the fourth quarter of 2025, with the company linking the charge mainly to offshore wind activity.

At the same time, net power production from solar, wind and hydro increased year on year, rising to 8.1 TWh from 6.5 TWh, according to the results.

The renewables portfolio also expanded, up 2% to 19 GW.

Total impairments for the quarter were $900 million. The results said $200 million of that figure was tied to inventory valuation-related impacts.

In its Q4 2025 disclosure, TotalEnergies said the impairment was “in particular” connected to offshore wind activity within the Integrated Power segment. No additional detail on the charge was provided in the results statement.

The company has been contacted for comment.

Tags: Featured News, impairments, Integrated Power, offshore wind, renewables, TotalEnergies

Editorial Note:
This article was prepared with the assistance of AI tools to enhance clarity and efficiency.
All information has been reviewed and verified by the HMT News editor.

13, Oct
|

Offshore - Renewable

Seaway7 prepares Hornsea 3 array cable installation

Seaway Phoenix is due at Hornsea 3 on 19 October 2026, while Grand Canyon 3 is scheduled to begin pre-trench survey and trenching work the following day, according to Ørsted’s construction notice.

13, Oct
|

Offshore - Oil & Gas

West Carina lands $420 million Indonesia contract

West Carina is due to begin an estimated 880-day drilling programme in the first half of 2027, with priced options for up to 880 more days; the Indonesian operator has not been named.

13, Oct
|

Offshore - Renewable

DNV floating wind outlook points to slower expansion

Recharge puts large-scale floating wind expansion about a decade ahead; DNV's official release highlights falling costs supporting the deployment of onshore wind, solar power and batteries.