French energy giant TotalEnergies, through its subsidiary Offshore Wind One GmbH, has successfully secured a maritime lease (N-11.2) in the North Sea for a significant offshore wind project.
This development follows competitive auctions held in Germany.
Strategic Location and Capacity
The awarded concession, N-11.2, encompasses an area of approximately 156 square kilometers, located about 120 kilometers northwest of the German island of Heligoland. This strategic position allows TotalEnergies to harness the region’s abundant wind resources and develop a 1.5 GW offshore wind farm.
This latest achievement complements the company’s previous success in securing the N-12.1 concession last year, and together, these projects will form a substantial 3.5 GW offshore wind hub in the German North Sea.
Financial Commitments and Lease Terms
Under the terms of the lease agreement, Offshore Wind One GmbH will make a payment of €196 million to the German Federal government by June 2025.
These funds will be allocated to initiatives focused on marine conservation and the promotion of sustainable fishing practices.
Furthermore, the electricity transmission system operator responsible for connecting the wind farm to the grid will receive an annual contribution of €88 million for twenty years starting from the project’s commissioning. The lease itself will run for an initial 25 years, with the possibility of extension to 35 years.
Reinforcing TotalEnergies’ Renewable Energy Strategy
Stéphane Michel, President of Gas, Renewables, and Power at TotalEnergies, expressed the company’s enthusiasm about this development.
He emphasized that the acquisition of the N-11.2 site, combined with the earlier N-12.1 concession, will enable TotalEnergies to create a powerful offshore wind energy hub, capitalizing on the strengths of both locations and leveraging synergies in development and operation.
Building on Previous Successes
This milestone further strengthens TotalEnergies’ Integrated Power strategy in Germany, building upon previous acquisitions such as Quadra Energy, a leading aggregator of renewable electricity production, and Kyon Energy, a prominent developer of battery storage solutions.
The company is proud to contribute to Germany’s decarbonization efforts through this significant investment in offshore wind energy.