TotalEnergies wins 1GW offshore wind concession in North Sea

PARIS - TotalEnergies (NYSE:TTE) has been awarded the N-9.4 offshore wind concession in the North Sea through its shareholding in North Sea OFW One GmbH, according to a company press release statement.

The concession, located approximately 150 kilometers northwest of Germany’s Heligoland island, covers an area of 141 square kilometers and will enable the development of 1 gigawatt of offshore wind capacity. The German Federal Network Agency has granted the concession for 25 years, with a possible extension to 35 years.

The N-9.4 site is positioned near the N-9.1 and N-9.2 concessions jointly owned by RWE (LON:0HA0) and TotalEnergies. The company plans to develop these sites as a cluster to optimize construction and operating costs.

As part of the award terms, Offshore Wind One GmbH will pay €18 million to the German federal government in 2026 for marine conservation and environmentally friendly fishing practices promotion. An additional annual contribution of €8.1 million will be paid to the electricity transmission system operator for 20 years after commissioning.

TotalEnergies also announced it has initiated a strategic review of various concessions obtained since 2023 due to connection timeline delays announced by German transmission system operators.

The company currently has 28 GW of installed gross renewable electricity generation capacity as of March 2025, with a target of reaching 35 GW by the end of 2025. TotalEnergies’ offshore wind portfolio has a total capacity of 23 GW, with projects across multiple countries including the United Kingdom (TADAWUL:4280), South Korea, Taiwan, France, the United States, the Netherlands, and Germany.

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