TotalEnergies Offshore Wind Initiatives for 2025: Key Projects, Strategies and Partnerships
TotalEnergies’ Offshore Wind Strategy: From Scaling Capacity to Integrated Value
From Portfolio Building to Integrated Energy Systems
Between 2021 and 2024, TotalEnergies executed a strategy centered on rapid portfolio growth and market entry in the offshore wind sector. The company’s focus was on acquiring scale, evidenced by its 15 GW global development portfolio, major partnerships with established players like RWE and Ørsted, and the commissioning of its largest offshore wind farm, the 1,075 MW Seagreen project in Scotland. This period was characterized by securing large concessions in key markets like Germany and initiating ventures in new regions, such as the Attentive Energy project in the United States. The primary objective was to build a significant asset base and establish a strong competitive presence in the burgeoning global market.
A clear inflection point occurred from 2025 onwards, where the strategy evolved from pure capacity addition to strategic integration and technological leadership. The partnership with Air Liquide to power green hydrogen production using the OranjeWind farm signals a pivotal shift. TotalEnergies is no longer just a producer of renewable electrons; it is creating integrated value chains to decarbonize its own industrial operations. This move from asset acquisition to asset utilization represents a significant maturation of its strategy. Concurrently, the company has doubled down on emerging technologies, specifically floating offshore wind. The launch of the Culzean pilot project and new agreements for over 2 GW of floating capacity in South Korea and Europe underscore a dedicated push to dominate the next technological frontier. This dual approach—scaling proven bottom-fixed technology while actively de-risking and developing floating solutions—highlights a sophisticated, multi-pronged approach to long-term market leadership. A new threat, however, has materialized in the form of political uncertainty, as seen with the decision to halt the Attentive Energy project in the US, indicating that geopolitical risk is now a primary consideration for capital allocation.
Table: TotalEnergies Offshore Wind Investments (2021-Today)
Partner / Project | Time Frame | Details and Strategic Purpose | Source |
---|---|---|---|
North Sea Wind Concession (N-9.4) | June 17, 2025 | Secured the 1 GW N-9.4 offshore wind concession in the German North Sea for €207 million, strengthening its position as Germany’s largest offshore wind developer. | Recharge News |
Acquisition of European Energy’s Danish Projects | June 11, 2025 | Acquired a majority stake in the 450+ MW Jammerland Bugt and Lillebaelt South projects in Denmark, expanding its footprint in the Nordic region. | EY |
Acquisition of VSB Group | April 2, 2025 | Finalized the acquisition of VSB Group, a major European wind and solar developer, to accelerate its renewable energy expansion. | TotalEnergies |
Acquisition of RES Canadian portfolio | April 2, 2025 | Acquired an 800 MW portfolio of wind and solar projects under development in Alberta, Canada from RES, diversifying its onshore renewables presence in North America. | Recharge News |
Acquisition of VSB Group | 2024 | Acquired VSB Group for €1.57 billion, gaining a renewable energy platform with a pipeline of over 10 GW. | Bloomberg |
Investment in Danish Offshore Wind | 2024 | Acquired majority stakes in the Jammerland Bay and Lillebælt South projects, expected to be operational by 2029 and power 400,000 homes. | Reuters |
German Offshore Wind Auction | June 21, 2024 | Won a 1.5 GW maritime lease (N-11.2) in the German North Sea for €1.96 billion, creating a 3.5 GW offshore wind hub. | TotalEnergies |
German Offshore Wind Auction (with EnBW) | 2024 | Jointly won a 2.5 GW offshore wind site in a German auction for $3.2 billion. | Reuters |
Seagreen Offshore Wind Farm | 2023 | Commissioned the 1,075 MW Seagreen farm in Scotland, its largest offshore wind project, powering nearly 1.6 million homes. | TotalEnergies |
Table: TotalEnergies Offshore Wind Partnerships (2021-Today)
Partner / Project | Time Frame | Details and Strategic Purpose | Source |
---|---|---|---|
Corio Generation and Qair | August 3, 2025 | Partnered to bid in the Mediterranean Sea tender for floating offshore wind projects, leveraging its experience with over 2 GW of floating projects. | Corio Generation |
Air Liquide | February 18, 2025 | Partnered to develop green hydrogen projects powered by the OranjeWind offshore farm to decarbonize its refineries in Belgium and the Netherlands. | OffshoreWind.biz |
RWE (OranjeWind) | 2025 | Acquired a 50% stake in the 760 MW OranjeWind farm in the Netherlands to utilize renewable power for green hydrogen production. | OffshoreWind.biz |
European Energy (Denmark) | April 1, 2025 | Signed a joint declaration to explore offshore wind opportunities and collaborate on future tenders in Denmark. | European Energy |
RWE (German Projects) | 2024 | Acquired a 50% stake in two 2 GW offshore wind projects (N-9.1 and N-9.2) in the German North Sea, strengthening its German portfolio. | TotalEnergies |
European Energy (Nordics) | 2024 | Partnered to develop offshore wind projects in Denmark, Finland, and Sweden, expanding its reach in the Nordic region. | TotalEnergies |
Corio Generation and Rise Light & Power | 2023 | Partnered on the 3+ GW Attentive Energy project in the US. TotalEnergies later halted the project in late 2024 due to political uncertainty. | TotalEnergies |
Ørsted | 2022 | Partnered to jointly bid on two Dutch offshore wind farm sites in the Holland Coast West tender, aiming to enter the Dutch market. | Ørsted |
European Consolidation and Selective Global Bets
Between 2021 and 2024, TotalEnergies’ geographic strategy was defined by aggressive entry into core European markets and an ambitious push into the United States. Germany was a key target, with the company winning a major 2.5 GW auction with EnBW and partnering with RWE. The UK was solidified as a core market with the commissioning of the 1 GW+ Seagreen project. The partnership with Corio and Rise on the 3 GW Attentive Energy project signaled a strong commitment to capturing a significant share of the nascent US offshore wind market.
Since 2025, the geographic focus has shifted toward deep consolidation in Europe and more selective, technology-driven expansion elsewhere. Germany has transformed from an entry market to a strategic stronghold, with TotalEnergies securing concessions that position it as the country’s largest offshore wind developer with a 7.5 GW portfolio. The Netherlands and Denmark have emerged as critical new hubs, the former for its strategic link to green hydrogen production (OranjeWind) and the latter through the acquisition of European Energy’s 450+ MW portfolio. This European deepening contrasts with a strategic pause in the US, where the Attentive Energy project was halted, revealing a lower tolerance for political risk. Meanwhile, Asia and the Mediterranean represent new frontiers for floating wind technology. The operational Yunlin farm in Taiwan, development agreements for up to 2 GW in South Korea, and a new partnership to bid in the Mediterranean underscore a pivot toward regions where floating wind holds immense potential.
From Commercial Scale-Up to Floating Wind Frontiers
The 2021-2024 period was defined by the commercial scaling of mature, bottom-fixed offshore wind technology. The most significant validation point was the commissioning of the 1,075 MW Seagreen project, demonstrating TotalEnergies’ capability to deliver giga-scale projects. Investments and partnerships during this time, such as the large auction wins in Germany, were focused on deploying this proven technology to rapidly build a large-scale generation portfolio. Floating wind remained in an early, pre-pilot phase, with plans for projects like Culzean representing future ambitions rather than current reality.
In 2025, a distinct dual-technology track has emerged. Bottom-fixed wind has entered a hyper-growth phase, treated as a bankable, commercial technology being deployed at an immense scale, particularly in the German North Sea. The key shift is in floating wind, which has moved decisively from the drawing board to in-water deployment. The launch of the Culzean pilot turbine to power an offshore platform is a critical milestone, demonstrating a tangible application and de-risking the technology. This is no longer a speculative venture; it is an active pilot. This progress is backed by firm commercial commitments, including agreements for 100 MW in the UK, up to 2,000 MW in South Korea, and a strategic partnership with Corio and Qair specifically for floating wind tenders in the Mediterranean. This transition from pilot announcements to deployed hardware and multi-gigawatt development agreements indicates that investor interest is now focused on which players can successfully commercialize floating wind at scale.
Table: TotalEnergies Offshore Wind SWOT Analysis
SWOT Category | 2021 – 2023 | 2024 – 2025 | What Changed / Resolved / Validated |
---|---|---|---|
Strengths | Demonstrated ability to execute large-scale projects through the commissioning of the 1,075 MW Seagreen farm. Strong financial capacity to partner on major bids (e.g., with Ørsted in the Netherlands). | Established market dominance in Germany with a 7.5 GW development portfolio. Proven capability to link offshore wind assets to industrial decarbonization (OranjeWind for hydrogen production with Air Liquide). | The company evolved from being a project partner and financier to a market-leading, strategic operator capable of winning major auctions independently (N-9.4) and creating integrated energy systems. |
Weaknesses | Reliance on established partners like Ørsted and Corio for market access and execution in new geographies like the Netherlands and the US. | Demonstrated vulnerability to political risk in key expansion markets, leading to the halting of the 3+ GW Attentive Energy project in the US. | The primary weakness shifted from operational dependency on partners to strategic vulnerability from external, non-market factors like geopolitical instability. |
Opportunities | Entering high-growth offshore wind markets through partnerships and auctions (e.g., US Attentive Energy project, German tenders). | Pioneering the commercialization of floating offshore wind (Culzean pilot launched, 2 GW South Korea agreement) and bidding in new floating-specific tenders (Mediterranean). | The strategic opportunity matured from simply gaining market share in bottom-fixed wind to establishing technology leadership in the next frontier—floating wind—and creating new revenue via integrated hydrogen production. |
Threats | Intense competition in auctions from other energy majors and established renewable players. Potential for partnership breakdowns (e.g., the termination of the Simply Blue Group partnership in 2024). | Escalating costs for site acquisition, with single concessions costing hundreds of millions (e.g., €207M for N-9.4). Project cancellations due to political shifts (US election impact on Attentive Energy). | Threats became more specific and financially material, moving from general competition to tangible, high-cost entry barriers and acute political risks that can derail multi-gigawatt projects. |
What’s Next: Integrated Energy and the Floating Frontier
The data from 2025 reveals a clear and decisive trajectory for TotalEnergies’ offshore wind strategy in the year ahead. The company is moving beyond being a simple generator of renewable power and is positioning itself as a vertically integrated energy producer. The OranjeWind and Air Liquide partnership is the blueprint for this future. Market actors should expect TotalEnergies to pursue further projects that directly link its massive offshore wind capacity to decarbonizing its own industrial footprint, particularly in refining and chemicals. This creates a captive demand for its renewable power, hedges against electricity price volatility, and produces a premium green product like hydrogen.
Two key signals will define success in the coming year. First, progress on the 7.5 GW German development portfolio will be a testament to its ability to manage and execute multiple giga-scale projects simultaneously. Second, the outcomes of its floating wind ventures—specifically the Mediterranean tender and concrete next steps on the 2 GW South Korean project—will validate its ambition to lead this nascent market. The concept of pure-play offshore wind development is not disappearing, but it is losing steam as the primary strategic driver. What is gaining traction is this integrated, value-added model and a relentless push into the floating wind frontier. The cautious step back from the US market suggests that for now, capital will be concentrated in the stable regulatory environments of Europe and technologically promising markets in Asia.
Frequently Asked Questions
How has TotalEnergies’ offshore wind strategy evolved since 2021?
Between 2021 and 2024, the strategy focused on rapid portfolio growth and acquiring scale, exemplified by the 1,075 MW Seagreen project. Since 2025, the focus has shifted to strategic integration. Instead of just producing electricity, the company is creating integrated value chains, such as using the OranjeWind farm’s power to produce green hydrogen with Air Liquide to decarbonize its own industrial operations.
What is TotalEnergies’ approach to different offshore wind technologies?
The company follows a dual-technology strategy. It is aggressively scaling up proven, bottom-fixed wind technology in markets like Germany, where it has a 7.5 GW portfolio. Simultaneously, it is pioneering the next frontier of floating offshore wind, moving from planning to deployment with the Culzean pilot project and pursuing multi-gigawatt commercial agreements in South Korea and the Mediterranean.
Which geographic regions are most important for TotalEnergies’ offshore wind plans?
The geographic focus has shifted toward deep consolidation in Europe. Germany has become a strategic stronghold where TotalEnergies is now the largest offshore wind developer. The Netherlands and Denmark are also key hubs for integrated projects and portfolio expansion. In contrast, the company has paused its expansion in the US due to political uncertainty, while selectively targeting markets like South Korea and the Mediterranean for their floating wind potential.
What are the biggest risks or threats to TotalEnergies’ offshore wind ambitions?
The primary threats have become more specific and financial. Key risks now include the escalating costs for site acquisition, with single German concessions costing hundreds of millions of euros. Additionally, geopolitical and political uncertainty has emerged as a major threat, leading to the halting of the 3+ GW Attentive Energy project in the US.
What are the key indicators of success for TotalEnergies’ offshore wind strategy in the near future?
Success will be measured by two key developments. First, its ability to execute on its massive 7.5 GW German development portfolio will demonstrate its capacity to manage multiple giga-scale projects. Second, the outcomes of its floating wind ventures, particularly the Mediterranean tender and progress on its 2 GW South Korean project, will validate its ambition to lead this emerging technology market.
Want strategic insights like this on your target company or market?
Build clean tech reports in minutes — not days — with real data on partnerships, commercial activities, sustainability strategies, and emerging trends.
Experience In-Depth, Real-Time Analysis
For just $200/year (not $200/hour). Stop wasting time with alternatives:
- Consultancies take weeks and cost thousands.
- ChatGPT and Perplexity lack depth.
- Googling wastes hours with scattered results.
Enki delivers fresh, evidence-based insights covering your market, your customers, and your competitors.
Trusted by Fortune 500 teams. Market-specific intelligence.
Explore Your Market →One-week free trial. Cancel anytime.
Related Articles
If you found this article helpful, you might also enjoy these related articles that dive deeper into similar topics and provide further insights.
- E-Methanol Market Analysis: Growth, Confidence, and Market Reality(2023-2025)
- Battery Storage Market Analysis: Growth, Confidence, and Market Reality(2023-2025)
- Climeworks- From Breakout Growth to Operational Crossroads
- (new) Direct Air Capture Market 2023–2025: From Hype to Commercial Maturity Amid Volatility
- RWE Hydrogen Initiatives for 2025: Key Projects, Strategies and Partnerships
Erhan Eren
Ready to uncover market signals like these in your own clean tech niche?
Let Enki Research Assistant do the heavy lifting.
Whether you’re tracking hydrogen, fuel cells, CCUS, or next-gen batteries—Enki delivers tailored insights from global project data, fast.
Email erhan@enkiai.com for your one-week trial.