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TotalEnergies Acquires 50% Stake in Dutch Wind Farm From RWE
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TotalEnergies Acquires 50% Stake in Dutch Wind Farm From RWE
Jul 24, 2024 10:08 AM

12:50 PM EDT, 07/24/2024 (MT Newswires) -- TotalEnergies SE ( TTE ) agreed to acquire a 50% stake in OranjeWind, a 795-megawatt wind farm being developed in the Netherlands, from RWE of Germany.

Financial terms weren't disclosed.

TotalEnergies said Wednesday it will use its share of the production from the wind farm to power 350 MW electrolyzer projects to produce 40,000 tons of green hydrogen per year toward the decarbonization of refineries in Northern Europe.

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