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Germany Rejects TotalEnergies Request to Surrender Offshore Wind Site, Minister Says Concession Binding Commodities
Energy & Petrochemicals #germany#totalenergies

Germany Rejects TotalEnergies Request to Surrender Offshore Wind Site, Minister Says Concession Binding

Germany has rejected TotalEnergies' request to surrender its NordseeEnergies 2 (NSE2) offshore wind site in the North Sea, with Economy Minister Katherina Reiche stating that concession awards are binding. TotalEnergies had sought to exit the 1.5GW project amid grid connection delays. In contrast, the US has spent nearly $2.6bn on offshore wind license buybacks, including nearly $1bn for TotalEnergies' two leases.

Jun 19, 2026 1 source