Germany: TotalEnergies Wins Further Maritime Lease in the North Sea to Develop 1.5 GW of Offshore Wind
June 21 2024 - 8:45AM
Business Wire
Regulatory News:
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), as shareholder
of Offshore Wind One GmbH, has been awarded the maritime concession
N-11.2 by the German Federal Network Agency, following auctions
held in Germany.
Located in the North Sea, around 120 kilometers north-west of
the German island of Heligoland, concession N-11.2 (1.5 GW) covers
an area of around 156 square kilometers. This success will enable
TotalEnergies to build a 3.5 GW offshore wind hub in German North
Sea, taking benefit of the synergies between this new lease and the
2 GW concession N-12.1 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, which will be allocated to marine conservation and the
promotion of environmentally friendly fishing. An annual
contribution of €88 million will also be paid to the electricity
transmission system operator in charge of connecting the project,
for a term of twenty years starting from the commissioning of the
site.
The concession will run for a term 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 3 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.
***
TotalEnergies and electricity 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 (CCGT, storage) to deliver clean
firm power to its customers. At the end of 2023, TotalEnergies’
gross renewable electricity generation installed capacity was 22
GW. TotalEnergies will continue to expand this business to reach 35
GW in 2025 and more than 100 TWh of net electricity production by
2030.
TotalEnergies and offshore wind TotalEnergies’ portfolio
in offshore wind has a total capacity of more than 16 GW, with most
farms bottom-fixed. These projects are located in the United
Kingdom (Seagreen, Outer Dowsing, West of Orkney, Erebus), South
Korea (Bada), Taiwan (Yunlin, Haiding 2), France (Eolmed), the
United States (Attentive Energy and Carolina Long Bay), and Germany
(N-12.1 and 0-2.2).
About TotalEnergies TotalEnergies is a global integrated
energy company that produces and markets energies: oil and
biofuels, natural gas and green gases, renewables and electricity.
Our more than 100,000 employees are committed to provide as many
people as possible with energy that is more reliable, more
affordable and more sustainable. Active in about 120 countries,
TotalEnergies places sustainability at the heart of its strategy,
its projects and its operations.
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TotalEnergies SE and the consolidated entities that are directly or
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“we”, “us” and “our” may also be used to refer to these entities or
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or indirectly owns a shareholding are separate legal entities. This
document may contain forward-looking information and statements
that are based on a number of economic data and assumptions made in
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prove to be inaccurate in the future and are subject to a number of
risk factors. Neither TotalEnergies SE nor any of its subsidiaries
assumes any obligation to update publicly any forward-looking
information or statement, objectives or trends contained in this
document whether as a result of new information, future events or
otherwise. Information concerning risk factors, that may affect
TotalEnergies’ financial results or activities is provided in the
most recent Universal Registration Document, the French-language
version of which is filed by TotalEnergies SE with the French
securities regulator Autorité des Marchés Financiers (AMF), and in
the Form 20-F filed with the United States Securities and Exchange
Commission (SEC).
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