TotalEnergies Consortium Wins $5.3 Billion French Wind-Farm Tender, But Partner RWE Pulls Out — 2nd Update
By Billy Gray
Energy major TotalEnergies said it won a $5.3 billion tender from the French government as part of a consortium to build and operate the country's largest offshore wind farm, though Germany's RWE said it intended to exit the partnership.
The project will represent an investment of around 4.5 billion euros ($5.32 billion) for the design, building and operation of the Centre Manche 2 site, marking the company's largest investment in France in 30 years, TotalEnergies said Wednesday.
However, TotalEnergies said RWE had expressed a desire to leave the consortium. The French company said it would still pursue the project, assuming all the commitments of the consortium, and would propose to bring a new partner into the project.
RWE said it wouldn't pursue further development of the project, and would exit the consortium pending approval from the French authorities.
When complete, the 1.5-gigawatt wind farm off the coast of Normandy will be the largest renewable energy project in France, providing electricity to more than 1 million households, TotalEnergies said.
Write to Billy Gray at william.gray@wsj.com
(END) Dow Jones Newswires
September 24, 2025 07:53 ET (11:53 GMT)
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