TotalEnergies says it 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 (2 GW) and N-9.2 (2 GW), located 110 km off the German coast, were awarded to RWE in August 2024 and have 25-year licenses extendable to 35 years, TotalEnergies disclosed this in a statement posted to Energy Window International by email.
This acquisition according to the statement, will be adding N-12.1, N-11.2 and 0-2.2 to their already awarded concessions, which should enable TotalEnergies to benefit from the synergies of its 6.5 GW German offshore wind hub and optimize its construction and operation costs.
“We are pleased to strengthen our ties with RWE, a key player in renewables and our partner in OranjeWind project in the Netherlands. 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,” says Olivier Jouny, SVP Renewables at TotalEnergies.
“We are delighted to welcome TotalEnergies onboard as our partner in the delivery of these large-scale offshore wind projects in our home market of Germany. As a trusted partner in our Dutch offshore wind project OranjeWind, TotalEnergies shares our ambition to further drive the growth of offshore wind energy to accelerate the energy transition in Germany and beyond. Our RWE teams will bring their many years of experience in the offshore wind industry and in-depth knowledge of the offshore wind industry to successfully develop and build the two wind farms,” Sven Utermöhlen, CEO of RWE Offshore Wind said.
Statement further revealed that preliminary studies on the marine environment, subsoil, and wind and oceanographic conditions have already been conducted by the German Federal Maritime and Hydrographic Agency (BSH). The data the statement added, would help RWE and TotalEnergies to plan the construction of the associated parks, which are scheduled to be commissioned in 2031 and 2032, respectively.
The engagement is part of its ambition, TotalEnergies says, to get to net zero by 2050, looking at what it called its “world class” cost-competitive portfolio combining renewables (solar, onshore and offshore wind) and flexible assets (CCGT, storage) project, built to deliver clean firm power to its customers. The company stated that its gross renewable electricity generation installed capacity reached 24 GW by mid-2024. Adding that it will continue to expand to be able to achieve 35 GW by 2025 and more than 100 TWh of net electricity production by 2030.
It says its portfolio in offshore wind currently has a total capacity of more than 17 GW, with most farms “bottom-fixed,” like the Seagreen, Outer Dowsing, West of Orkney and Erebus – all of which are located in the United Kingdom, while in South Korea is the “Bada”. In Taiwan are Yunlin and Haiding 2, France – the Eolmed, and in the United States – the “Attentive Energy and Carolina Long Bay”. In the Netherlands and Germany are the OranjeWind and Nordsee Energies 1 & 2, Ostsee Energies, N-9.1 and N-9.2 respectively.