TotalEnergies to Acquire 50% Stake in Germany Offshore Wind Projects
TTETotalEnergies(TTE) ZACKS·2024-10-08 23:25

TotalEnergies SE (TTE) announced that it has signed an agreement with RWE to acquire a 50% stake in two offshore wind projects in the North Sea. With this new alliance, TotalEnergies will be able to supply green electrons to help decarbonize the nation's electricity and industry, furthering RWE's integrated growth in the largest electricity market in Europe and Germany. Key Highlights of TTE's New Deal The two projects, N-9.1 of nearly 2 gigawatt (GW) and N-9.2 of 2 GW, located 68 miles (110 km) off the Ger ...