TotalEnergies is developing large scale projects in Sweden, Finland and Denmark. (Source: Shutterstock)
TotalEnergies has signed an agreement with European Energy to develop offshore wind projects in Sweden, Finland and Denmark, the company announced Jan. 23.
The partners 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.
Per the agreement, TotalEnergies will acquire an a 85% equity stake in the Jammerland Bugt offshore wind project and a 72.2% equity stake in the Lillebaelt South nearshore wind project.
The projects—both located in Denmark—hold 240 MW and 165 MW of energy, respectively. The energy generated by these sites will be sold either directly on the electricity wholesale market or through corporate power purchase agreements.
Both Jammerland Bugt and Lillebaelt South 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, with start up by 2030.
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