How Big Oil Hijacked Germany’s Multi-Billion-Dollar Offshore Wind Auction ...Middle East

European oil and gas supermajors BP Plc (NYSE:BP) and TotalEnergies (NYSE:TTE) have won all of the capacity on offer in Germany’s 7GW offshore wind auction, the country’s biggest in history. BP secured leases at two North Sea sites off the coast of Helgoland with total generating potential of about four gigawatts, paying a total of $7.5 billion. The new sites--BP's first offshore wind projects in Germany--will nearly double the company’s global offshore wind pipeline. Meanwhile, TotalEnergies--through…

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