By Olivia Bugault

Total SE said Wednesday that it has acquired a 20% stake in a floating offshore wind farm project located in the Mediterranean sea, near the southern coast of France.

The energy giant said the Eolmed floating wind farm pilot project has a capacity of 30 megawatts.

Total's investment will strengthen its position in the emerging sector of floating offshore wind, it says. "Today, the group is present in South Korea with a portfolio of 2 gigawatts and in the United Kingdom with the 100 MW Erebus project, which has just been granted exclusive development rights for its area," the company said.

Write to Olivia Bugault at olivia.bugault@wsj.com

(END) Dow Jones Newswires

10-07-20 0243ET