Multinational oil companies BP and TotalEnergies emerged as winners in Germany’s latest auction for the right to build offshore wind farms in the North and Baltic seas. The companies, which are headquartered in the UK and France, bid a combined 12.6 billion euros to construct turbines with a total capacity of 7 gigawatts (GW), roughly equivalent to 7 large conventional power stations, and almost equalling the country’s entire existing offshore capacity.

Source: Game Over? Even BP and TotalEnergies are Shelling out $14.7 Bn. for Right to Build Baltic Sea Wind Farms