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TotalEnergies Secures 1GW Offshore Wind Concession in Germany
TotalEnergiesTotalEnergies(US:TTE) ZACKS·2025-06-18 22:26

Key Takeaways TotalEnergies secured the 1 GW N-9.4 offshore wind concession in the North Sea for a 25-year term. TTE aims to cut costs by developing N-9.4 alongside nearby N-9.1 and N-9.2 sites with RWE. TTE will pay 20.7MtoGermanyformarineeffortsand20.7M to Germany for marine efforts and 9.3M annually to the grid operator for 20 years.TotalEnergies SE (TTE) announced that it has been awarded the N-9.4 offshore concession by the Federal Network Agency. TTE is a shareholder of North Sea OFW One GmbH. The primary benefit of offshore wind ...