Fid Financial Close

Blue Gem Wind, led by TotalEnergies, is developing the 100 MW Erebus floating offshore wind farm as a ‘Test and Demonstration’ project in the Celtic Sea. In recruitment materials for key project roles such as Interface Manager and Contract Engineer, the developer sets out a clear sequence of milestones for Erebus: a consent application scheduled for December 2021, followed by a Final Investment Decision (FID) in 2024 and a Commercial Operation Date (COD) in 2026. These postings also describe Erebus alongside the larger 300 MW Valorous ‘early commercial’ project, with both developments positioned as contributors to the UK Government’s 1 GW floating offshore wind target by 2030 and as stepping-stone projects to future commercial-scale schemes in the region.[1][2] TotalEnergies’ group-level strategy and results presentations reinforce this timetable. They highlight Erebus and Valorous together as an up to 400 MW UK floating offshore wind pipeline, branded as the company’s first floating offshore wind venture, with a semi-submersible technology concept, an 80% stake for TotalEnergies, and the lease already secured. Within this portfolio view, Erebus is explicitly associated with a “Target FID 2024 (100 MW),” confirming that the 2024 decision is framed as a planned milestone rather than an achieved commitment.[3][4] Taken together, these sources show that the Erebus project’s FID is targeted for 2024, following consent and preceding a 2026 COD. The planned FID will be the key financial and corporate approval enabling Erebus to move from development into construction, underpinning investment in this demonstration-scale floating project and supporting the broader strategic build-out of floating wind capacity in the Celtic Sea and the UK’s 2030 floating offshore wind objectives.[1][2][3][4]