RWE and TotalEnergies have agreed to collaborate on two large offshore wind projects off the German coast, with a total capacity of 4 gigawatts (GW). As part of this agreement, TotalEnergies will acquire a 50% equity stake in both projects from RWE.
The collaboration follows RWE's successful bid for the sites in the latest offshore wind auction in Germany in August, where the two companies expressed interest in developing the projects together.
The sites, N-9.1 and N-9.2, are located approximately 110 to 115 kilometres northwest of the German island of Borkum and are large enough to accommodate offshore wind farms with a capacity of 2,000 megawatts each. Investment decisions are anticipated by 2027 for N-9.1 and 2028 for N-9.2. Subject to obtaining the necessary permits and confirming grid connections, offshore construction could commence in 2029 and 2030, with full commissioning planned for 2031 and 2032, respectively.
