TotalEnergies SE (FR:TTE) has released an update.
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TotalEnergies SE has expanded its renewable energy portfolio by purchasing a 50% stake in two major offshore wind projects in the North Sea from RWE. Both projects, with a combined capacity of 4 GW, are expected to bolster TotalEnergies’ German offshore wind hub, synergizing with existing concessions and contributing to Germany’s decarbonization efforts. Construction of these wind farms is expected to commence by 2031 and 2032, aligning with TotalEnergies’ broader objective to amplify its renewable electricity production to over 100 TWh by 2030.
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