TotalEnergies Secures 1GW Offshore Wind Concession in Germany
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 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 ...