TotalEnergies secures 1.5GW offshore wind lease in German North Sea through Offshore Wind One GmbH.

TotalEnergies secures 1.5GW offshore wind lease in German North Sea, through its role in Offshore Wind One GmbH. The lease, N-11.2, covers 156 sq km near Heligoland, allowing the company to develop a 1.5GW offshore wind hub, complementing its existing project N-12.1. The agreement includes a €196m payment to the German government by June 2025 for marine conservation and €88m annually for electricity infrastructure, supporting the project for twenty years.

June 24, 2024
7 Articles