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13. July, 2023

Oil majors secure 7 GW of German offshore wind amid aggressive bidding

Renewable Power
Irina Peltegova
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Oil majors TotalEnergies and bp bid a total of EUR 12.6 billion to secure the rights to build offshore wind projects totaling 7 GW in German waters confirming expectations of continued growth in the sector.

Supply of tradable guarantees of origin (GOs) could increase as a result.

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