See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

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.

Read full story
Some content from this outlet may be limited or behind a paywall.

More News about Politics from the Left, Center and Right

From the Left

From the Center

From the Right