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08 October 2024

Daily Newsletter

08 October 2024

RWE and TotalEnergies partner for 4GW offshore wind projects

The offshore wind projects will be developed off the German coast.

Umesh Ellichipuram October 08 2024

German energy company RWE has partnered with TotalEnergies to develop two offshore wind projects with a combined capacity of 4GW off the German coast.

TotalEnergies will acquire a 50% equity stake in both projects from RWE, marking a significant collaboration in the renewable energy sector.

The agreement follows RWE's successful bid for the sites during Germany's offshore wind auction held in August 2024.

The sites, identified as N-9.1 and N-9.2, are situated between 110km and 115km northwest of Borkum Island and have the potential to host 2GW each.

Investment decisions for the projects are set for 2027 for N-9.1 and 2028 for N-9.2.

Subject to obtaining the necessary permits and grid connection confirmation, offshore construction could therefore commence in 2029 and 2030.

Full commissioning of the wind farms is planned for 2031 and 2032 respectively.

RWE offshore wind CEO Sven Utermohlen stated: “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.”

The collaboration between RWE and TotalEnergies signifies a strategic move to bolster renewable energy development in Europe.

The joint venture is expected to contribute significantly to Germany's energy transition goals and the broader European commitment to sustainable energy.

TotalEnergies renewables senior vice-president Olivier Jouny stated: “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 decarbonise the country’s electricity and industry.”

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