TTE - TotalEnergies Scores Big In German Wind Power Auction: Details | Benzinga
Following auctions in Germany, TotalEnergies SE (NYSE:TTE) announced that it had won the maritime concession N-11.2 from the German Federal Network Agency.
As per the terms, Offshore Wind One GmbH will pay €196 million to the German government by June 2025 for marine conservation and promoting environmentally friendly fishing.
They will also contribute €88 million annually to the electricity transmission operator for twenty years from the project’s commissioning.
Covering an area of about 156 square kilometers, this 1.5 gigawatt (GW) concession paves the way for TotalEnergies to establish a 3.5 GW offshore wind ...