Paris, October 7, 2024 – TotalEnergies 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.
This acquisition will add to our already awarded N-12.1, N-11.2 and O-2.2 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,” said 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,” said Sven Utermöhlen, CEO of RWE Offshore Wind.
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). This data will help RWE and TotalEnergies to plan the construction of the parks, which are scheduled to be commissioned in 2031 and 2032, respectively.
RWE to realise 4 GW offshore wind projects off the German coast together with TotalEnergies
• Partnership confirmed: TotalEnergies acquire a 50% equity stake in two projects of
2 gigawatts capacity each
• Investment decisions to be made by 2027 and 2028 respectively
• Start of offshore construction in 2029 and 2030 and full commissioning planned for
2031 and 2032 respectively
• RWE already operates six offshore wind farms off the German coast; in addition,
Nordseecluster with a total capacity of 1.6 gigawatts under construction
Essen, 7 October 2024
RWE and TotalEnergies agreed to jointly develop two large offshore wind projects off the
German coast with a total capacity of 4 gigawatts (GW). To this end, TotalEnergies will acquire a
50% equity stake in both projects from RWE. When RWE was awarded the sites, in the latest
offshore wind auction in Germany in August, it was announced that the two companies would
explore the possibility of developing the projects together.
Sven Utermöhlen, CEO of RWE Offshore Wind: “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 and in-depth knowledge of the offshore wind industry to successfully
develop and build the two wind farms.”
Olivier Jouny, SVP Renewables at TotalEnergies: “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.”
Located approximately 110 to 115 kilometres 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. 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.
