RWE takes over ownership of planned Nordseecluster

Wind Industry Profile of

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

Keywords:

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