TotalEnergies Takes Majority Ownership of Two Danish Offshore Wind Projects

December 20, 2024, by Adnan Memija

TotalEnergies has acquired a majority stake in Jammerland Bay and Lillebælt South offshore wind farms in Denmark from European Energy and SONFOR.

Under the deal, TotalEnergies acquired 85 per cent of the share capital in the 240 MW Jammerland Bay and 72.2 per cent of the share capital in the 165 MW Lillebælt South offshore wind projects.

European Energy and SONFOR will continue to be minority owners of Lillebælt South, and European Energy will continue to be a minority owner in the Jammerland Bay offshore wind farm.

“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 be an important factor in Sønderborg Municipality’s efforts to become climate neutral,” said Ellen Trane Nørby, Chairman of SONFOR.

Both wind farms are part of the nine open-door projects that were confirmed by the Danish Energy Agency in December 2023.

The projects have received construction permits from the Danish Energy Agency, giving the green light for the construction of the two offshore wind farms.

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The electricity produced at these sites will be sold directly on the wholesale electricity market or through power purchase agreements (PPAs).

The partners plan for the two offshore wind farms to be operational by 2029. The total amount of electricity produced from the two offshore wind farms is expected to be equivalent to the electricity consumption of around 400,000 European households.