TotalEnergies Expands Offshore Wind Investments in Germany

Partnership between TotalEnergies and RWE on Wind Projects

TotalEnergies, a leading global integrated energy company, has embarked on an exciting venture with RWE by acquiring a 50% stake in two promising offshore wind projects situated in the North Sea. These projects, identified as N-9.1 and N-9.2, boast a substantial capacity of 2 GW each and are strategically located 110 km away from the German coastline.

Strategic Significance of the Projects

This ambitious acquisition not only strengthens TotalEnergies' foothold but also complements their already successful N-12.1, N-11.2, and O-2.2 offshore concessions. With these combined initiatives, TotalEnergies aims to leverage operational synergies within their 6.5 GW German offshore wind hub, thereby optimizing both construction and operational costs.

Comments from Key Executives

Olivier Jouny, Senior Vice President of Renewables at TotalEnergies, expressed enthusiasm for the partnership, stating, “We are pleased to strengthen our ties with RWE, a key player in renewables and our partner in the OranjeWind project in the Netherlands. This collaboration advances our integrated development strategy within Germany's electricity market.”

RWE's Perspective on the Collaboration

Sven Utermöhlen, CEO of RWE Offshore Wind, welcomed TotalEnergies as a vital partner, saying, “Our partnership in these large-scale projects reflects our shared ambition to accelerate the energy transition within Germany and beyond. Our team's extensive experience in offshore wind will contribute to successfully developing these wind farms.”

Preparation for Construction

Comprehensive preliminary studies, including assessments of marine environments, subsoil characteristics, and wind conditions, have already been conducted by the German Federal Maritime and Hydrographic Agency (BSH). This meticulous data collection will provide the necessary groundwork for RWE and TotalEnergies, who are gearing up for the construction of the wind parks, anticipated to be operational by 2031 and 2032.

TotalEnergies' Ambitious Renewable Goals

As a crucial aspect of its overarching goal to achieve net-zero emissions by the year 2050, TotalEnergies is steadfast in developing a competitive portfolio that harmoniously blends renewable energy sources such as solar and wind with other flexible assets like Combined Cycle Gas Turbines (CCGT) and energy storage. By mid-2024, TotalEnergies is set to achieve a remarkable installed capacity of 24 GW in renewable electricity generation, with plans to extend this capacity to 35 GW by 2025 and produce over 100 TWh of net electricity by 2030.

TotalEnergies' Offshore Wind Portfolio

TotalEnergies' offshore wind portfolio currently exceeds 17 GW, predominantly featuring bottom-fixed wind farms. Their global footprint includes projects across various regions: from the United Kingdom (Seagreen, Outer Dowsing) and South Korea (Bada) to Taiwan (Yunlin) and France (Eolmed), and notably including their efforts in Germany with Nordsee Energies 1 & 2, Ostsee Energies, as well as the newly-acquired N-9.1 and N-9.2 projects.

About TotalEnergies

TotalEnergies is recognized as a global leader in the energy sector, diligently producing and marketing diverse energy resources including oil, biofuels, natural gas, and renewable electricity. With a dedicated workforce of over 100,000 employees operating across approximately 120 countries, TotalEnergies is committed to providing reliable, affordable, and sustainable energy solutions, integrating sustainability into its core strategy, projects, and operations.

Frequently Asked Questions

What is the significance of TotalEnergies' partnership with RWE?

This partnership aims to enhance offshore wind project development in Germany, demonstrating a commitment to renewable energy growth.

How much capacity do the new offshore wind projects hold?

The N-9.1 and N-9.2 projects each have a capacity of 2 GW, totaling 4 GW combined.

When are the projects expected to begin operations?

The offshore wind parks are scheduled to commence operations in 2031 and 2032.

What are TotalEnergies' renewable energy goals?

TotalEnergies aims to reach 35 GW of renewable capacity by 2025 and over 100 TWh of net electricity production by 2030.

What is TotalEnergies' overall strategy in the energy market?

TotalEnergies focuses on integrating renewable energy sources with flexible assets to provide sustainable energy and achieve net-zero emissions by 2050.

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