TotalEnergies awarded lease in North Sea to develop 1.5 GW of offshore wind

TotalEnergies, as shareholder of Offshore Wind One GmbH, has been awarded the maritime concession N-11.2 by the German Federal Network Agency, following auctions held in Germany. Located in the North Sea, around 120 kilometers north-west of the German island of Heligoland, concession N-11.2 (1.5 GW) covers an area of around 156 square kilometers. This success will enable TotalEnergies to build a 3.5 GW offshore wind hub in German North Sea, taking benefit of the synergies between this new lease and the 2 GW concession N-12.1 won last year. Under the terms of this award, Offshore Wind One GmbH will pay, at the latest in June 2025, the German Federal government EUR196M, which will be allocated to marine conservation and the promotion of environmentally friendly fishing. An annual contribution of EUR88M will also be paid to the electricity transmission system operator in charge of connecting the project, for a term of twenty years starting from the commissioning of the site. The concession will run for a term of 25 years, extendable to 35 years.