BP has been awarded the rights to develop two offshore wind projects in the German tender round, marking its entry into offshore wind in continental Europe.

The two North Sea sites, located 130km and 150km offshore in water depths of about 40m, have a total potential generating capacity of 4GW. Subject to receiving the necessary permits and approvals, these would be the company’s first offshore wind projects in continental Europe.

BP will lead the development, construction and operations of these fixed-bottom offshore wind projects, with grid connection targeted by end 2030. BP’s global offshore wind pipeline now totals up to 9.2GW.

Anja-Isabel Dotzenrath, executive vice president, gas and & low carbon energy, said: “The renewable power we aim to produce will anchor the significant demand we expect for green electrons for our German operations, from a whole host of products and services including green hydrogen and biofuels production, electric mobility growth and refinery decarbonisation.”

Initial payments totalling €678m, equivalent to 10 per cent of the bid amount, will be paid by July 2024. The remaining 90 per cent will be paid over a 20-year period when the projects become operational in the next decade. The recent tender supports Germany’s target of having 30GW of offshore wind projects installed by 2030, at least 40GW by 2035 and at least 70GW by 2045.

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