REG-TotalEnergies SE Germany: TotalEnergies Wins Further Maritime Lease in the North Sea to Develop 1.5 GW of Offshore Wind

TotalEnergies SEAnnouncement

21/06/2024 13:45

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Germany: TotalEnergies Wins Further Maritime Lease in the North Sea to Develop
1.5 GW of Offshore Wind

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), as shareholder of Offshore
Wind One GmbH, has been awarded the maritime concession N-11.2 by the German
Federal Network Agency, following auctions held in Germany.

Located in the North Sea, around 120 kilometers north-west of the German
island of Heligoland, concession N-11.2 (1.5 GW) covers an area of around 156
square kilometers. This success will enable TotalEnergies to build a 3.5 GW
offshore wind hub in German North Sea, taking benefit of the synergies between
this new lease and the 2 GW concession N-12.1 won last year
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftotalenergies.com%2Fmedia%2Fnews%2Fpress-releases%2Ftotalenergies-wins-two-maritime-leases-develop-two-giga-offshore-wind&esheet=54084631&newsitemid=20240621884363&lan=en-US&anchor=last+year&index=1&md5=d89365f42c37bc4778f8c92087888e57)
.

Under the terms of this award, Offshore Wind One GmbH will pay, at the latest
in June 2025, the German Federal government €196 million, which will be
allocated to marine conservation and the promotion of environmentally friendly
fishing. An annual contribution of €88 million will also be paid to the
electricity transmission system operator in charge of connecting the project,
for a term of twenty years starting from the commissioning of the site.

The concession will run for a term of 25 years, extendable to 35 years.

“Building upon the successful award of concession N-12.1 in the German North
Sea last year, the award of the N-11.2 site will enable TotalEnergies to
establish a 3.5 GW offshore wind energy hub, building on the quality of both
sites and taking advantage of the development and operational synergies
between them. This marks a new step for the deployment of TotalEnergies
Integrated Power strategy in Germany after the acquisition of Quadra Energy
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftotalenergies.com%2Fmedia%2Fnews%2Fpress-releases%2Fgermany-totalenergies-pursues-its-integrated-power-strategy-acquiring&esheet=54084631&newsitemid=20240621884363&lan=en-US&anchor=Quadra+Energy&index=2&md5=9fc8d3d91f040bc33ae8455ddc213169)
, one of the top 3 aggregators of renewable electricity production and of Kyon
Energy
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftotalenergies.com%2Fmedia%2Fnews%2Fpress-releases%2Fgermany-totalenergies-acquires-kyon-energy-leading-german-battery-storage&esheet=54084631&newsitemid=20240621884363&lan=en-US&anchor=Kyon+Energy&index=3&md5=4cc4388d281193288147b99fe3e9797f)
, a prominent developer of battery storage solutions. TotalEnergies is also
very pleased to contribute to Germany’s decarbonisation targets,” said
Stéphane Michel, President Gas Renewable and Power of TotalEnergies.

***

TotalEnergies and electricity

As part of its ambition to get to net zero by 2050, TotalEnergies is building
a world class cost-competitive portfolio combining renewables (solar, onshore
and offshore wind) and flexible assets (CCGT, storage) to deliver clean firm
power to its customers. At the end of 2023, TotalEnergies’ gross renewable
electricity generation installed capacity was 22 GW. TotalEnergies will
continue to expand this business to reach 35 GW in 2025 and more than 100 TWh
of net electricity production by 2030.

TotalEnergies and offshore wind

TotalEnergies’ portfolio in offshore wind has a total capacity of more than
16 GW, with most farms bottom-fixed. These projects are located in the United
Kingdom (Seagreen, Outer Dowsing, West of Orkney, Erebus), South Korea (Bada),
Taiwan (Yunlin, Haiding 2), France (Eolmed), the United States (Attentive
Energy and Carolina Long Bay), and Germany (N-12.1 and 0-2.2).

About TotalEnergies

TotalEnergies is a global integrated energy company that produces and markets
energies: oil and biofuels, natural gas and green gases, renewables and
electricity. Our more than 100,000 employees are committed to provide as many
people as possible with energy that is more reliable, more affordable and more
sustainable. Active in about 120 countries, TotalEnergies places
sustainability at the heart of its strategy, its projects and its operations.

Contacts TotalEnergies

Relations Médias : +33 (0)1 47 44 46 99 l presse@totalenergies.com
(mailto:presse@totalenergies.com) l @TotalEnergiesPR 
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Relations Investisseurs : +33 (0)1 47 44 46 46 l ir@totalenergies.com
(mailto:ir@totalenergies.com)

@TotalEnergies
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Cautionary Note

The terms “TotalEnergies”, “TotalEnergies company” or “Company” in
this document are used to designate TotalEnergies SE and the consolidated
entities that are directly or indirectly controlled by TotalEnergies SE.
Likewise, the words “we”, “us” and “our” may also be used to refer
to these entities or to their employees. The entities in which TotalEnergies
SE directly or indirectly owns a shareholding are separate legal entities.
This document may contain forward-looking information and statements that are
based on a number of economic data and assumptions made in a given economic,
competitive and regulatory environment. They may prove to be inaccurate in the
future and are subject to a number of risk factors. Neither TotalEnergies SE
nor any of its subsidiaries assumes any obligation to update publicly any
forward-looking information or statement, objectives or trends contained in
this document whether as a result of new information, future events or
otherwise. Information concerning risk factors, that may affect
TotalEnergies’ financial results or activities is provided in the most
recent Universal Registration Document, the French-language version of which
is filed by TotalEnergies SE with the French securities regulator Autorité
des Marchés Financiers (AMF), and in the Form 20-F filed with the United
States Securities and Exchange Commission (SEC).



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