A Total gas station. Photo: Pascal Le Segretain/Getty Images

The oil-and-gas giant Total said Thursday it's acquiring an 80% stake in a planned floating wind project off the coast of Wales.

The state of play: Total said the deal with the developer Simply Blue Energy will make it one of the "first movers in this technology in the UK, the world’s largest offshore wind market."

  • The France-based multinational giant said it sees lots of potential in floating, as opposed to fixed-bottom, projects because they enable access to sites further offshore with strong winds.
  • Terms of the deal around the planned 96-megawatt Erebus project were not disclosed.

Meanwhile, solar company Lightsource BP — which BP half-owns — also said Thursday that it has completed a $250 million financing package for a 260-megawatt project 120 miles northeast of Dallas, Texas.

Why it matters: BP said the deal's structure shows solar's competitiveness and will leverage the company's other capabilities.

  • The power from the Lightsource BP project will be traded through a long-term agreement with BP.
  • "By ensuring a long-term price for the power BP ensures the project can be financed upfront," a project representative tells Axios.

The big picture: BP's incoming executive VP for low-carbon energy, Dev Sanyal, said in a statement that "power offtake structures widely and historically used for conventional generation are now gaining traction for solar energy projects."

  • HSBC Bank USA, National Westminster Bank PLC and Bank of America were all involved in the financing.

Go deeper: Climate activists target Amazon, Google and Microsoft

Go deeper

Updated 23 mins ago - Politics & Policy

Ohio Gov. Mike DeWine tests negative for coronavirus after positive result

Photo: Justin Merriman/Getty Images

Ohio Gov. Mike DeWine (R) tested negative for the coronavirus after initially testing positive earlier Thursday, his office announced.

Why it matters: 73-year-old DeWine was set to meet President Trump Thursday on the tarmac at an airport in Cleveland and was tested as part of standard protocol.

Updated 33 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 9:30 p.m. ET: 18,996,008 — Total deaths: 712,476— Total recoveries — 11,478,835Map.
  2. U.S.: Total confirmed cases as of 9:30 p.m. ET: 4,877,115 — Total deaths: 159,990 — Total recoveries: 1,598,624 — Total tests: 59,652,675Map.
  3. Politics: Pelosi rips GOP over stimulus negotiations: "Perhaps you mistook them for somebody who gives a damn" — Ohio Gov. Mike DeWine tests positive.
  4. Public health: Majority of Americans say states reopened too quicklyFauci says task force will examine aerosolized spread Study finds COVID-19 antibodies prevalent in NYC health care workers.
  5. Business: The health care sector imploded in Q2More farmers are declaring bankruptcyJuly's jobs report could be an inflection point for the recovery.
  6. Sports: Where college football's biggest conferences stand on playing.

Trump issues order banning TikTok if not sold within 45 days

Illustration: Aïda Amer/Axios

Americans and U.S. companies will be banned from making transactions with ByteDance, the Chinese owner of TikTok, in 45 days, according to a new executive order President Trump issued Thursday evening.

The big picture: Last week Trump announced his intention to ban TikTok but said he'd leave a 45-day period for Microsoft or other U.S.-based suitors to try to close a deal to acquire the popular video-sharing app.