TotalEnergies has finalized the acquisition of a majority stake in two offshore wind projects in Denmark: Jammerland Bay and Lillebælt South. The developer has purchased 85% of the share capital in the 240 MW Jammerland Bay offshore wind project and 72.2% of the share capital in the 165 MW Lillebælt South coastal wind project.
Partnership Details
European Energy and SONFOR will retain minority stakes in these projects, with European Energy remaining a minority owner in both Jammerland Bay and Lillebælt South.
Martin Rune Pedersen, Country Chair of TotalEnergies Denmark, emphasized the rapid industrial development in the Kalundborg and Sønderborg areas, stating, “We expect the demand for green power to increase significantly in the years ahead.”
Knud Erik Andersen, CEO of European Energy, expressed confidence in TotalEnergies, saying, “We believe that TotalEnergies has the know-how and commitment to ensure that the projects will be a great success.”
Ellen Trane Nørby, Chairman of SONFOR, remarked, “We have worked with the Lillebælt South offshore wind farm for 14 years and believe that TotalEnergies is the perfect partner to implement the project. We look forward to the inauguration in 2029, where it will play a crucial role in Sønderborg Municipality’s efforts to become climate neutral.”
Strategic Alliance
In January 2024, European Energy and TotalEnergies signed a strategic agreement to collaborate on developing offshore wind projects across the Nordics, including Denmark, Finland, and Sweden. This partnership underscores both companies’ commitment to renewable energy and sustainable development in the region.
Sources
- TotalEnergies Press Release
- European Energy Official Website
- SONFOR Company Announcement
