TotalEnergies Acquires 50% Stake in OranjeWind Offshore Wind Farm for Green Hydrogen Production
Key Ideas
- TotalEnergies acquires 50% stake in OranjeWind offshore wind farm off the Dutch coast to produce green hydrogen for refineries in Northern Europe.
- The project aims to generate 40,000 tonnes of green hydrogen per year, reducing CO2 emissions by 400,000 tonnes annually.
- OranjeWind project includes wind turbines, electric boilers, and battery storage systems to enhance Dutch power grid stability, with construction starting in 2026 and full commissioning in early 2028.
- TotalEnergies' acquisition is a significant step towards integrating renewable energies into operations and expanding renewable capacity in Europe.
TotalEnergies has announced the acquisition of a 50% stake in the OranjeWind offshore wind farm located 53 km off the Dutch coast. The project, initially awarded to RWE, involves the construction of wind turbines with a total capacity of 795 MW. TotalEnergies plans to use its share of the project to produce renewable electricity, which will power 350 MW electrolysers to generate around 40,000 tonnes of green hydrogen annually. This green hydrogen will replace conventional hydrogen in TotalEnergies' refineries in Northern Europe, leading to a reduction of approximately 400,000 tonnes of CO2 emissions per year.
In line with its commitment to carbon neutrality by 2050, TotalEnergies sees the OranjeWind project as a key component in achieving this goal. The project is expected to contribute to reducing net greenhouse gas emissions by 40% by 2030 compared to 2015 levels. By 2030, TotalEnergies aims to cut its total CO2 emissions by 5 million tonnes annually.
The OranjeWind project, part of the Dutch Hollandse Kust West VII tender, will not only feature wind turbines but also electric boilers and battery storage systems to improve the stability of the Dutch power grid. Construction is set to commence in 2026, with full operations scheduled for early 2028.
TotalEnergies' partnership with OranjeWind represents a significant milestone in the integration of renewable energies into its operations. This initiative plays a crucial role in expanding renewable capacity in Europe by providing renewable electricity and green hydrogen to support the decarbonization of refineries.
Topics
Europe
Investing
Renewable Energy
Carbon Neutrality
Emissions Reduction
Power Grid Stability
Refinery Decarbonization
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