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.
Recommended Reading
Dominion Energy Grows Virginia Solar Energy Portfolio
2024-04-02 - Dominion Energy will own or acquire four Virginia solar projects, which have a total capacity of 329 megawatts, the company says.
US Clears 2.6-GW Offshore New England Wind Project
2024-04-04 - Located south of Martha’s Vineyard off of Massachusetts, the project consists of the 791-megawatt New England Wind 1 and the 1.87-GW New England Wind 2.
First US Utility-scale Offshore Wind Farm Starts Operations
2024-03-14 - The 12-turbine, 130-megawatt South Fork Wind project is a joint venture between Denmark's Orsted and New England-based electric utility Eversource.
Equinor, Ørsted/Eversource Land New York Offshore Wind Awards
2024-02-29 - RWE Renewables and National Grid’s Community Offshore Wind 2 project was waitlisted and may be considered for award and contract negotiations later, NYSERDA says.
RWE Boosts US Battery Storage with Three Projects
2024-02-14 - The three projects—two in Texas and one in Arizona—will lift RWE’s total U.S. battery storage capacity to about 512 megawatts.