RWE takes over ownership of planned Nordseecluster

Image: RWEImage: RWE
RWE takes over Northland Power's shares of the planned 1.6-GW Nordseecluster in Germany.

Official Press Release RWE:

RWE strengthens its position in the German offshore wind market by becoming sole owner of 1.6-GW Nordseecluster

Wind Industry Profile of
RWE strengthens its position in the German offshore wind market by becoming sole owner of 1.6-GW Nordseecluster

RWE takes over Northland Power’s 49% shareholding / Significant synergies to be leveraged in development, construction and operation / Six terawatt hours of green electricity production expected annually to decarbonise economy

RWE is strengthening its position in the German offshore market. The company has become the sole owner of a 1.6-gigawatt (GW) cluster of offshore wind farms in the German North Sea. The Nordseecluster, consisting of four sites located north of the island of Juist, was formerly co-developed with Canadian company Northland Power, which has now sold its 49% shareholding in the cluster to RWE. The parties agreed on a purchase price of approximately €35 million. Sven Utermöhlen, CEO RWE Offshore Wind: “Becoming the sole owner of the... ... More: Official Press Release RWE

RWE, Northland Power, Germany, North See, Nordseecluster, wind farm, phase, offshore, planning, GW, electricity, green, clean

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