TotalEnergies Acquires Stake in OranjeWind Offshore Wind Farm for Green Hydrogen Production
Key Ideas
- TotalEnergies has purchased a 50% stake in the 795 MW OranjeWind offshore wind farm from RWE to produce green hydrogen, contributing to a substantial reduction in CO2 emissions.
- The project will involve powering 350MW electrolyzer projects to produce 40,000 tons per year of green hydrogen for TotalEnergies' refineries in Northern Europe, cutting CO2 emissions by 5m tonnes annually by 2030.
- OranjeWind, located in the North Sea off the Dutch coast, will not only produce green power and hydrogen but also enhance the stability of the Dutch grid through electric boilers and battery storage.
- By 2030, TotalEnergies aims for a 40% reduction in net greenhouse gas emissions linked directly to its oil and gas operations compared to 2015 levels, establishing a blueprint for the future Dutch energy system.
French energy company TotalEnergies has acquired a 50% stake in the OranjeWind offshore wind farm from German company RWE, with a focus on producing green hydrogen. The renewable electricity generated from the wind farm will be used to power 350MW electrolyzer projects, enabling the production of 40,000 tons of green hydrogen annually. This initiative is part of TotalEnergies' strategy to decarbonize its refineries in Northern Europe, leading to a significant reduction of around 5 million tonnes of CO2 emissions per year by 2030. The project, located in the North Sea off the Dutch coast, was originally won by RWE in 2022 and will now see collaboration between RWE and TotalEnergies in developing electrolyzers. In addition to hydrogen production, the OranjeWind project will also contribute to the stability of the Dutch grid through electric boilers and battery storage. The construction of the wind farm is planned to commence in 2026, with full operation expected by early 2028. TotalEnergies' goal includes achieving a 40% reduction in net greenhouse gas emissions from its oil and gas operations by 2030 compared to 2015 levels, setting an example for the energy transition in the Netherlands.
Topics
Electrolyzer
Renewable Energy
Offshore Wind
Electricity Production
Partnership
Decarbonization
Green Power
Refineries
Grid Stability
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