(Source: Shutterstock.com)
TotalEnergies is partnering with RWE to develop two large wind projects in Germany’s North Sea after Paris-based TotalEnergies acquired a 50% stake in the projects, the company said Oct. 7.
The two companies aim to commission the two projects, N-9.1 in 2031 and N-9.2 in 2032. Each project is on a site large enough to generate wind capacities of 2 gigawatts, according to RWE. The company announced it was awarded the N-9.1 and N-9.2 concessions in August after paying a total bid price of €250 million.
The projects increase to five the concessions TotalEnergies holds in Germany, the company said.
“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,” said Olivier Jouny, senior vice president of renewables at TotalEnergies.
RWE and TotalEnergies are also partners in the OranjeWind project in North Sea off the Dutch coast. The wind farm will have an installed capacity of 795 megawatts. Offshore construction is expected to start in 2026 with full commissioning in early 2028.
“TotalEnergies shares our ambition to further drive the growth of offshore wind energy to accelerate the energy transition in Germany and beyond,” said RWE Offshore Wind CEO Sven Utermöhlen. “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.”
Recommended Reading
Martin Midstream Terminates Merger Agreement Following Pushback
2024-12-29 - Martin Midstream Partners will continue operating as a standalone publicly traded company following termination of its deal to merge with Martin Resource Management Corp.
Exxon Mobil Completes Purchase of FPSO Offshore Guyana
2024-12-19 - Exxon Mobil Corp. paid $535 million to SBM Offshore for the FPSO, which will operate the unit through 2033.
Allete Gets OK From FERC for $6.2B Sale to Canada Pension Plan, GIP
2024-12-20 - Allete Inc. announced its acquisition by the Canada Pension Plan Investment Board and Global Infrastructure Partners in May.
DNOW Closes Cash Acquisition of Water Service Company Trojan Rentals
2024-11-26 - DNOW Inc.’s acquisition of Trojan Rentals LLC is its third purchase aimed at providing a holistic water management solution to the market, the company said.
Hollub: Oxy Low Carbon Ventures Bolsters US Energy Independence
2024-11-18 - Occidental Petroleum is making a number of low-carbon moves in the Permian—a maneuver that will bolster the U.S.' energy independence, CEO Vicki Hollub told Hart Energy in an exclusive interview.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.