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TotalEnergies and EnBW Win High-Priced German Offshore Wind Auction

Posted on AllSides June 21st, 2024
From The Left

Oil major TotalEnergies SE and utility EnBW Energie Baden-Württemberg AG were winners in a German offshore wind auction that raked in €3 billion ($3.2 billion) for the government.

TotalEnergies agreed to pay about €2 billion for the seabed rights to develop 1.5 gigawatts of capacity in the North Sea, with the remainder submitted by EnBW for a 1 gigawatt area, according to a statement from the Federal Network Agency. The wind farms are expected to be operational by 2031.

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https://bloomberg.com/news/articles/2024-06-21/totalenergies-and-enbw-win-high-priced-german-offshore-wind-auction

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