N-1.1 and N-12.2 Offshore Wind

CapPro Reference: CP-03022
Sector: Power - Offshore wind
Project Type: Greenfield
Project Size: 4000 MW
Project Status: Announced
Project Owner: bp
Location: Europe - Germany

Project Profile: BP has been granted two maritime concessions, N-1.1 and N-12.2, enabling a combined capacity of 4 GW. The concession N-1.1 was awarded to BP at a rate of €1.83m/MW, while N-12.2 was acquired for €1.56m/MW. Located approximately 130 km and 150 km away from the German coastline in the North Sea, these sites hold significant potential for offshore wind development. Pending the acquisition of necessary permits and approvals, these projects will mark BP's initial venture into offshore wind in Germany. The company is targeting grid connection for both projects by 2030.

Scheduled Completion Date: 2030
Source: reuters.com