TotalEnergies and European Energy have confirmed a joint venture to construct and operate more than 4GW of onshore renewable energy projects in various locations. The partnership, where TotalEnergies represents a 65% share and European Energy (35%), intends to utilise the strengths of both groups. TotalEnergies will provide significant experience in developing and operating large-scale projects, combined with the knowledge to market the project and provide financial support. European Energy has a historical record of developing greenfield sites and working with multiple stakeholders.

TotalEnergies represents a 65% share and European Energy (35%), intends to utilise the strengths of both groups. TotalEnergies will provide significant experience in developing and operating large-scale projects, combined with the knowledge to market the project and provide financial support. European Energy has a historical record of developing greenfield sites and working with multiple stakeholders.

Vincent Stoquart, the senior VP of renewables at TotalEnergies, explained how happy they were to begin the partnership with European Energy, which has created a portfolio of assets in multiple countries like Spain, where TotalEnergies is active and will enable further profitable growth. Stoquart explains that this partnership will expand the strength of both businesses, creating added value to these markets.

Knud Erik Andersen, the CEO of European Energy, believes the strategic partnership with Total Energies is a significant step towards the green transition. Andersen explains that with their substantial development pipeline and experience in delivering renewable projects, combined with TotalEnergies experience and goal for onshore and offshore renewables, this partnership will create a new milestone for added global renewable energy capacity.

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