TotalEnergies buys majority stake in Danish wind projects

The French oil and gas group TotalEnergies has signed a deal with Danish sustainable energy company European Energy for a majority stake in two wind projects. Under the arrangement, TotalEnergies will take an 85% stake in the Jammerland Bugt project (240 MW), and 72,2% in the Lillebaelt South nearshore development (165 MW), both in Danish waters.

TotalEnergies also announced it has agreed to acquire the entire share capital of German Kyon Energy. Munich-based Kyon Energy is a leading developer of battery storage systems.

Final construction permits should follow in mid-2024, with the start-up of the turbines at the two locations in Danish waters targeted by 2030. The electricity generated by these sites will be sold directly on the wholesale electricity market or through Corporate Power Purchase Agreements (CPPAs), enabling them to reduce their carbon footprint.

Denmark, Sweden, and Finland

The two companies also want to develop large offshore wind farms in Sweden and Finland through a joint venture and will bid for future tenders for offshore wind farms in Denmark.

These deals aim to leverage both parties’ strengths: TotalEnergies will contribute its experience in large-scale projects and its ability to market the offtake in merchant markets. European Energy has a proven track record in developing greenfield projects and engaging successfully with stakeholders in these countries.

This agreement for offshore wind projects follows a previous agreement between TotalEnergies and European Energy in September 2023 to jointly develop, build, and operate onshore renewable projects in multiple geographies.

Battery storage systems

Next to wind energy, TotalEnergies is also investing in battery storage systems. Since its creation in 2021, German Kyon Energy has developed 770 MW of projects with very competitive connection costs, of which 120 MW are already in operation, 350 MW are under construction, and 300 MW are ready to build. In addition, Kyon Energy’s portfolio includes a 2 GW pipeline of advanced-stage projects.

Thanks to the expertise of Kyon Energy’s management and employees, TotalEnergies will develop, build, and operate those projects, mainly located in the North of Germany, as part of its integrated power strategy.


The battery storage system will contribute to the resilience of the German electricity system, help solve congestion problems or provide additional flexibility to the German power grid, and ultimately support the rapid expansion of renewable energies in Germany.

TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. The company is active in almost 130 countries.


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