RWE and TotalEnergies have agreed to jointly develop two offshore wind projects off the German coast with a total capacity of 4GW.
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.
Located approximately 110 km to 115 km 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 2GW 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 Offshore Wind CEO Sven Utermohlen said: “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, said: “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 decarbonise the country’s electricity and industry.”