TotalEnergies secures 1.5 GW offshore lease
The lease will allow the company to develop a 1.5 GW offshore wind hub, complementing N-12.1, its existing project.
Image for illustration purposes.
Germany: TotalEnergies has secured a new lease, N-11.2, in the German North Sea through its role in Offshore Wind One GmbH. Covering 156 km2 near Heligoland, the lease will allow the company to develop a 1.5 GW offshore wind hub, complementing N-12.1, its existing project. The agreement includes a €196 million (£165 million) payment to the German government by June 2025 for marine conservation and €88 million (£74.4 million) annually for electricity infrastructure. This will support the project for twenty years.
Stéphane Michel, President of Gas, Renewables and Power of TotalEnergies, commented: “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.”
Source: Energy Live News