Highlights
- Partnership confirmed: TotalEnergies acquire a 50% equity stake in two projects of 2 gigawatts capacity each
- Investment decisions to be made by 2027 and 2028 respectively
- Start of offshore construction in 2029 and 2030 and full commissioning planned for 2031 and 2032 respectively
- RWE already operates six offshore wind farms off the German coast; in addition, Nordseecluster with a total capacity of 1.6 gigawatts under construction
RWE and TotalEnergies agreed to jointly develop two large offshore wind projects off the German coast with a total capacity of 4 gigawatts (GW). To this end, TotalEnergies will acquire a 50% equity stake in both projects from RWE. When RWE was awarded the sites, in the latest offshore wind auction in Germany in August, it was announced that the two companies would explore the possibility of developing the projects together.
Sven Utermöhlen, CEO of RWE Offshore Wind: "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."
Olivier Jouny, SVP Renewables at TotalEnergies: "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 decarbonize the country's electricity and industry."
Located approximately 110 to 115 kilometres north-west of the German island of Borkum, the sites N-9.1 and N-9.2 are large enough to accommodate offshore wind farms with a total capacity of 2,000 megawatts each. Investment decisions are expected to be taken by 2027 (N-9.1) and 2028 (N-9.2), respectively. Subject to the necessary permits and confirmation of grid connection, offshore construction could start in 2029 and 2030, with full commissioning planned for 2031 and 2032 respectively.
RWE already operates 19 offshore wind farms, including six off the German coast. The company is also currently building four large offshore wind farms: the Sofia offshore wind farm (1.4 GW) in the UK, the Thor offshore project (1.1 GW) in Denmark and the OranjeWind offshore wind farm (795 MW) in the Netherlands together with TotalEnergies, as well as the Nordseecluster with a total capacity of 1.6 GW north of the island of Juist in Germany. RWE aims to triple its global offshore wind capacity from 3.3 GW today to 10 GW by 2030.
