Image credit: TotalEnergiesTotalEnergies has signed an agreement with German energy company RWE to acquire a 50% stake in two offshore wind projects in the North Sea.
These two projects, N-9.1 (2GW) and N-9.2 (2GW), located 110km off the German coast, were awarded to RWE in August 2024 and have 25-year licenses.
Located north-west of the German island of Borkum, the sites N-9.1 and N-9.2 are large enough to accommodate offshore wind farms with a total capacity of 2,000 megawatts each.
Investment decisions are expected to be taken by 2027 (N-9.1) and 2028 (N-9.2), respectively and subject to the necessary permits and confirmation of grid connection, offshore construction could start in 2029 and 2030, with full commissioning planned for 2031 and 2032 respectively.
This latest acquisition will enable TotalEnergies to benefit from the synergies of its 6.5GW German offshore wind hub and to optimise its construction and operating costs.
Olivier Jouny, director of Renewables at TotalEnergies commented in a statement: “We are pleased to strengthen our ties with RWE, a key player in renewable energies and our partner in the OranjeWind project in the Netherlands. This new partnership contributes to our integrated development in the German electricity market, the largest in Europe, and will allow TotalEnergies to provide green electrons to decarbonise the country’s electricity and industry.”
“As a trusted partner in our Dutch offshore wind project OranjeWind, TotalEnergies shares our ambition to further stimulate 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 their deep industry knowledge to successfully develop and build the two wind farms,” added Sven Utermöhlen, managing director Offshore Wind at RWE.
Preliminary studies on the marine environment, subsoil, wind and oceanographic conditions have already been carried out by the German Federal Maritime and Hydrographic Agency. This data will help RWE and TotalEnergies plan the construction of the wind farms, which are scheduled to come on stream in 2031 and 2032 respectively.
Currently, TotalEnergies has a portfolio of offshore wind projects with a total capacity of over 17GW.
