TotalEnergies and European Energy, a Danish firm, have agreed to set up a 65:35 joint-venture to jointly develop, build and operate at least 4 GW of onshore renewable projects in multiple geographies. This deal is subject to the receipt of applicable regulatory approvals from relevant authorities. European Energy has developed a portfolio of asset in countries such as Spain where TotalEnergies is already active. The company European Energy owns more than 1.4 GW of renewable energy projects and has more than 60 GW of renewable energy projects in its pipeline in 28 countries.
In addition, TotalEnergies and Adani Green Energy Limited (AGEL) have entered into a binding agreement to create a new 50:50 JV with a 1,050 MWac (1400 MWp) portfolio in India. This portfolio will comprise of a mix of already operational (300 MWac), under construction (500 MWac) and under development assets (250 MWac) with a blend of both solar and wind power.
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