TotalEnergies relies on wind parks

Wind farms instead of gas stations: This is how one could exaggerate the transformation at Total Energies, where they are now actively operating in the North and Baltic Seas: The N-12.1 concession is located, as the abbreviation 'N' suggests, in the North Sea, 170 kilometers from the coast and covers an area of about 200 square kilometers. The O-2.2 concession is located in the Baltic Sea, 40 kilometers from the coast and covers an area of about 100 square kilometers.

The new wind farms are to supply green electricity for over 3 million households

Both concessions have a term of 25 years, which can be extended to 35 years. With a capacity of 2 GW and 1 GW respectively, the two wind farms are expected to deliver an amount of electricity that corresponds to the consumption of more than 3 million households. As part of the allocations, payments for marine conservation and the promotion of environmentally friendly fishing are also planned. TotalEnergies will therefore pay a total of 582 million euros to the German state for the corresponding measures. The operators of the electricity transmission networks, who are responsible for connecting the project, will receive an annual contribution for 20 years from the start-up of the sites.

TotalEnergies aims to build a long-term integrated power business

TotalEnergies markets the energy generated at the two locations either directly on the electricity market or enters into power purchase agreements (PPA) with end consumers. This allows them to reduce their carbon footprint. The wind energy commitment feeds into TotalEnergies' strategy of building a long-term integrated power business and leveraging price fluctuations in the electricity market to their advantage. The goal is to achieve double-digit profitability in this Power Business Unit.

The large-scale projects contribute to achieving the German government's offshore expansion targets. These aim to install offshore wind power capacities of 30 GW by 2030. In the next step, TotalEnergies will carry out the necessary studies for environmental permits as well as technical analyses at the two sites. These will form the basis for upcoming investment decisions in 2027 and commissioning by 2030. Patrick Pouyanné, Chairman and CEO of TotalEnergies, explains:

"TotalEnergies is proud to leverage its expertise in offshore projects and large-scale undertakings to build these enormous wind farms, which will make a significant contribution to the expansion of renewable electricity in Europe by 2030. Our move into offshore wind energy in Germany, Europe's largest electricity market, is a crucial step in implementing our strategy to become an integrated player in the electricity markets. Following the deployment of a floating LNG regasification unit at the Lubmin terminal in January 2023, this is another commitment by TotalEnergies to implement our multi-energy strategy in Germany and contribute to the energy security of the country and Europe."

Wind power is becoming increasingly important worldwide

Currently, TotalEnergies is developing a portfolio of offshore wind projects with a total capacity of over 13 GW, most of which are fixed to the seabed. These projects are located in the UK (Seagreen Project, Outer Dowsing, Erebus, ScotWind), South Korea (Bada Project), Taiwan (Yunlin Project), France (Eolmed Project), the USA (New York Bight Project, North Carolina Project), and Germany.

The company has also qualified to participate in tenders in the USA, the UK, and France, and will also participate in tenders in Norway and Poland.

By 2050, TotalEnergies also aims to be CO2-neutral

TotalEnergies and renewable electricity: As part of its effort to become CO2-neutral by 2050, TotalEnergies is building a portfolio of activities in renewable energy and electricity. In mid-2023, its gross capacity for generating electricity from renewable energy sources was 18 GW. TotalEnergies intends to further expand these activities to reach a gross capacity of 35 GW by 2025 and 100 GW by 2030, with the goal of being among the top 5 wind and solar power producers worldwide.

What does this mean?

Even TotalEnergies is now turning the big (wind) wheel when it comes to expanding renewables. The planned capacities are particularly impressive, enough to supply wind power to the entire city of Hamburg or all the residents of Schleswig Holstein.