NBIM buys 49% of its shares in RWE’s 1.6GW and 1.1GW offshore wind projects
Norges Bank Investment Management (NBIM) has purchased 49% of its shares in RWE at 1.6GW NordSeecluster in Germany and 1.1GW Thor Offshore Wind Projects in Denmark.
The deal is worth 1.4 billion euros and was first announced in March 2025.
The Nordseecluster wind farm is located 50 kilometers north of the Juice Island and is divided into two stages.
The first phase of NordSeecluster A (660MW) will be fully operational in 2027.
The subsequent stage NordSeecluster B plans to complete a higher capacity of 900MW by 2029.
The Northern Group is expected to produce enough green electricity for 1.6 million households in Germany.
Thor, the largest offshore wind farm in Denmark, is 22 kilometers away from the coast of Jutland and will be fully commissioned in 2027.
The total capacity of Thor wind farm is 1,080 MW and will power more than one million houses in Denmark.
Both NordSeecluster and Thor are on track, installing single-machine foundations for Thor and preparing for installation at the Nordseecluster A Foundation, prepared in the summer of 2025.
The installation of wind turbines for both projects is planned in 2026. These projects will have long-term contract revenues that provide stable cash flows and reduce the risk of development projects.
RWE operates 19 offshore wind farms. In addition to Nordseecluster and Thor, the company is also building Sofia Wind Farm overseas in England and Oranjewind in the Netherlands.
“NBIM bought 49% of its shares in RWE’s 1.6GW and 1.1GW offshore wind projects” was originally created and published by GlobalData-owned brand Power Technology.
The information on this website is included in sincerity only for general information purposes. It is not intended to rely on the advice you should rely on, and we do not provide any representation, warranty or warranty that express or imply its accuracy or completeness. You must take or avoid any action based on the content on our website to obtain professional or professional advice.
