French Energy major TotalEnergies has signed a new agreement with Danish renewables company European Energy to develop offshore wind projects in Denmark, Finland and Sweden.
The deal covers 405MW of offshore wind power under development in Denmark and includes the acquisition by TotalEnergies of an 85% stake in the 240MW Jammerland Bugt offshore wind project and a 72.2% stake in the 165mw Lillebaelt South nearshore wind project.
Both sites are included in the nine open-door projects that were confirmed by the Danish Energy Agency in December 2023 and have obtained exclusivity and grid connection permits. The final construction permits are expected in mid-2024, and start up by 2030.
The partners also intend to develop and operate new large-scale offshore wind projects in Sweden and Finland through a joint venture and to bid for the upcoming offshore wind tenders in Denmark.
This agreement for offshore wind projects follows a previous tie-up between TotalEnergies and European Energy in September 2023 to jointly develop, build and operate onshore renewable projects.
