11:16 AM EDT, 04/27/2026 (MT Newswires) -- (Updates to add SSE's statement on behalf of Seagreen Wind Energy)

The joint venture behind Scotland's largest offshore wind farm reportedly delayed the start date of a fixed-price electricity contract with the government, Bloomberg News wrote Monday, citing data it compiled from a state-owned entity that runs the subsidy mechanism.

Seagreen Wind Energy, operator of the Seagreen wind farm and jointly owned by SSE plc's (SSE.L) SSE Renewables, TotalEnergies (TTE.PA, TTE.L), and Thailand's PTT Exploration and Production Public Co., moved the contract's start date to fall from the scheduled March-end in line with terms and conditions.

London-listed utility SSE's unit holds a 49% interest in the joint venture, while TotalEnergies and PTT each own an equal 25.5% stake.

"In October 2025 we updated the Low Carbon Contracts Company regarding the expected start date for the Contract for Difference (CfD) for Seagreen Phase 1. This has been done in accordance with the terms and conditions of the contract,"according to SSE on behalf of Seagreen Wind Energy.

TotalEnergies did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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