TotalEnergies has signed a new agreement with European Energy to develop future offshore projects in Denmark, Finland and Sweden, in addition to the existing 405 MW already being developed in Denmark.
The agreement includes TotalEnergies’ acquisition of a 85% equity stake in the Jammerland Bugt offshore wind project, with a 240 MW capacity, and a 72.2% equity stake in the Lillebaelt South nearshore wind project, at 165 MW.Â
Both projects are included in the nine open-door projects confirmed by the Danish Energy Agency in December. The electricity generated by these sites will be sold directly on the electricity wholesale market or through corporate PPAs.
The collaboration also intends to develop offshore projects in Sweden and Finland, and to bid for the upcoming Denmark offshore tenders.
“We are delighted to expand our collaboration with European Energy,” says TotalEnergies’ Vincent Stoquart. “These new offshore wind projects in Denmark are aligned with our strategy of developing renewable projects in merchant countries at competitive cost. This partnership will allow TotalEnergies to take advantage of European Energy’s longstanding presence in northern Europe to expand its business there.”
