close
close

TotalEnergys and EnBW acquire offshore wind farms worth $3.2 billion in Germany

Posted on by darion

The wind farm will supply electricity to 1.35 million households. Source: New Africa / Shutterstock.

TotalEnergys and utility EnBW have won a $3.2 billion German offshore wind auction, securing the rights to build wind farms with a total capacity of 2.5 GW.

The auction was conducted by the German energy regulator Federal Network Agency.

EnBW has won a contract to build a 1 GW offshore wind farm in the North Sea, which is scheduled to be operational by 2031.

Located 120 km northwest of Heligoland, the wind farm will supply electricity to 1.35 million households.

EnBW CEO Georg Stamatelopoulos said: “Winning the auction marks another important milestone in the restructuring of our generation portfolio.

“We want to increase renewable energy production capacity to 10 GW-11.5 GW by 2030 and be a climate-neutral company by 2035.

Access the most comprehensive company profiles on the market, powered by GlobalData. Save hours of research. Gain a competitive advantage.

Company Profile – free sample

You will receive a download email shortly

We are sure of the exceptional quality of our company profiles. However, we want you to make the most beneficial decision for your business, which is why we offer a free sample, which you can download by submitting the form below

By GlobalData







Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information about your rights in relation to your personal data and how you can unsubscribe from future subscriptions marketing messages. Our services are intended for corporate subscribers and you warrant that the email address you submit is your corporate email address.

“To this end, we will invest a total of EUR 40 billion in the energy transition by 2030, which is approximately one third of our total investments alone in the construction of wind farms and photovoltaic parks, as well as flexibly controlled hydrogen-ready gas power plants. “

The utility plans to enter into power purchase agreements (PPAs) with industrial customers to sell electricity generated by the new offshore wind farm.

TotalEnergys, through its shares in Offshore Wind One, has secured the N-11.2 offshore license with an area of ​​156 km² and a capacity of 1.5 GW.

Offshore Wind One GmbH will make a payment to the German federal government by June 2025 in the amount of EUR 196 million.

The payment is intended to protect the seas and promote environmentally friendly fishing practices.

The electricity transmission system operator responsible for connecting the project will be paid an annual fee of EUR 88 million, payable for 20 years after the facility is put into operation.

The granted concession will be granted for a period of 25 years, with the possibility of extension to 35 years.