TotalEnergies has signed a new agreement with Danish renewables developer European Energy to develop offshore wind projects in three Nordic countries: Denmark, Finland and Sweden, the French multi-energy group announced on Tuesday.
A total of 405 megawatts (MW) of offshore wind power is under development in Denmark, TotalEnergies said in a statement.
“The agreement entails the acquisition by TotalEnergies of an 85% equity stake in the Jammerland Bugt offshore wind project (240 MW) and a 72.2% equity stake in the Lillebaelt South nearshore wind project (165 MW). Both projects are located in Denmark,” the statement read.
Additionally, the partners want 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.”
The deal comes after a September 2023 agreement between TotalEnergies and European Energy to jointly develop, build, and operate onshore renewable projects in multiple geographies.
Citing TotalEnergies' senior vice president of renewables, Vincent Stoquart, the statement said: “These new offshore wind projects in Denmark are aligned with our strategy of developing renewable projects in merchant countries at a competitive cost. This partnership will allow TotalEnergies to take advantage of European Energy's longstanding presence in northern Europe to expand its business there.'
By Handan Kazanci
Anadolu Agency
energy@aa.com.tr