RWE and Norges Bank Investment Management jointly realise offshore wind projects off the German and Danish coast
Germany, June 4 -- RWE and Norges Bank Investment Management (NBIM) have successfully closed the transaction they announced in March. NBIM now holds a 49% equity stake in both the Nordseecluster and Thor offshore wind projects. RWE, with a 51% stake, remains in charge of construction and operations throughout the lifecycle of these offshore wind farms. The purchase price is approximately €1.4 billion.The Nordseecluster, located approximately 50 km north of the island of Juist, is being built in two phases: For the first phase, Nordseecluster A with 660 megawatts (MW), full commissioning is planned for 2027. For the second phase, Nordseecluster B with 900 MW, full commissioning is scheduled for 2029. In total, Nordseecluster will be ge...
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