TotalEnergies, as shareholder of Offshore Wind One GmbH, has been awarded a maritime concession by the German Federal Network Agency after auctions were held in that country.
Located in the North Sea, around 120 kilometrers north-west of the German island of Heligoland, the concession covers an area of around 156 square kilometres.
This success will enable TotalEnergies to build a 3.5GW offshore wind hub in German North Sea, taking benefit of the synergies between this new lease and the 2 GW concession the company won last year. Under the terms of this award, Offshore Wind One GmbH will pay, at the latest in June 2025, the German Federal government €196 million (about N$3.7 billion), which will be allocated to marine conservation and the promotion of environmentally-friendly fishing.
An annual contribution of €88 million (about N$1.6 billion) will also be paid to the electricity transmission system operator in charge of connecting the project for a period of 20 years, starting from the commissioning of the site. The concession will run for a period of 25 years, extendable to 35 years.
“Building upon the successful award of concession N-12.1 in the German North Sea last year, the award of the N-11.2 site will enable TotalEnergies to establish a 3.5 GW offshore wind energy hub, building on the quality of both sites, and taking advantage of the development and operational synergies between them. This marks a new step for the deployment of TotalEnergies Integrated Power strategy in Germany after the acquisition of Quadra Energy, one of the top three aggregators of renewable electricity production and of Kyon Energy, a prominent developer of battery storage solutions. TotalEnergies is also very pleased to contribute to Germany’s decarbonisation targets,” said Stéphane Michel, president, Gas Renewable and Power of TotalEnergies.
As part of its ambition to get to net zero by 2050, TotalEnergies is building a world-class cost-competitive portfolio combining renewables (solar, onshore and offshore wind), and flexible assets to deliver clean, firm power to its customers. At the end of 2023, TotalEnergies’ gross renewable electricity generation installed capacity was 22GW. The company is expected to continue expanding this business to reach 35GW in 2025, and more than 100 TWh of net electricity production by 2030.
TotalEnergies’ portfolio in offshore wind has a total capacity of more than 16GW, with most farms bottom-fixed. These projects are located in the United Kingdom, South Korea, Taiwan, France, the United States and Germany.