Oil major Total buys 80% stake in Erebus floating offshore wind project

PARIS (Reuters) - French energy major Total said on Thursday that it had reached an agreement with renewables energy developer Simply Blue Energy to acquire 80% of the Erebus floating wind project in the Celtic Sea.Total, which did not disclose the value of the deal, has said it plans to invest up to $2 billion (1.74 billion pounds) annually to expand its footprint in low carbon businesses.The company said the 96 megawatts capacity pioneer floating offshore project would be installed in an area..