TotalEnergies has signed an agreement with RWE to acquire a 50% stake in two offshore wind projects in the North Sea.
These two projects, N-9.1 and N-9.2, located 110 km off the German coast with 2 GW capacity each, were awarded to RWE in August and have 25-year licenses extendable to 35 years.
This acquisition will add to the company’s already awarded N-12.1, N-11.2 and O-2.2 concession.
“We are pleased to strengthen our ties with RWE, a key player in renewables and our partner in OranjeWind project in the Netherlands,” says Olivier Jouny, SVP Renewables at TotalEnergies.
“This new partnership contributes to our integrated development in the German electricity market, the largest in Europe, and will enable TotalEnergies to provide green electrons to decarbonize the country’s electricity and industry.”
Preliminary studies on the marine environment, subsoil, and wind and oceanographic conditions have been conducted by the German Federal Maritime and Hydrographic Agency. This data will help RWE and TotalEnergies to plan the construction of the parks, which are scheduled to be commissioned in 2031 and 2032, respectively.
