Published by Global Banking & Finance Review®
Posted on December 20, 2024
1 min readLast updated: January 27, 2026
Add as preferred source on Google
TotalEnergies has acquired majority stakes in two Danish offshore wind projects, aiming to power 400,000 households by 2029.
COPENHAGEN (Reuters) - TotalEnergies said on Friday it had completed a planned purchase of majority stakes in two offshore wind projects in Denmark that recently obtained construction permits.
The French energy firm now holds an 85% share in the 240-megawatt (MW) offshore wind park in the Bay of Jammerland and a 72.2% stake in the 165-MW Lillebaelt Syd offshore wind farm.
European Energy and SONFOR will retain minority ownership in Lillebaelt Syd, while European Energy will continue to be a minority owner of the offshore wind park in the Bay of Jammerland.
"Today we reach a milestone for TotalEnergies, as we take over the majority ownership and operator role for two very important offshore wind projects in Denmark," Martin Rune Pedersen, director of TotalEnergies Denmark said in a statement.
The two offshore wind projects are expected to be operational by 2029, generating enough power equivalent of around 400.000 European households' electricity consumption.
(Reporting by Isabelle Yr Carlsson, editing by Terje Solsvik)
The article discusses TotalEnergies acquiring majority stakes in two Danish offshore wind projects.
European Energy and SONFOR retain minority ownership in the projects.
The offshore wind projects are expected to be operational by 2029.
Explore more articles in the Finance category
