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.
Both sites are among the nine open-door projects confirmed by the Danish Energy Agency last month and have secured exclusivity and grid connection permits. Final construction permits should follow in mid-2024, with startup targeted by 2030.
Produced power will be sold directly on the electricity wholesale market or through corporate power purchase agreements.
The partners will also seek to jointly develop and operate new large-scale offshore wind projects in Sweden and Finland, and they will bid for the upcoming offshore wind tenders in Denmark.
In September last year, the two companies agreed to jointly develop, build and operate onshore renewable projects in multiple geographies.