popular articles

RWE acquires Northland Power’s 49% stake in Nordseecluster

RWE strengthens its position in offshore wind power by acquiring the remaining 49% of Nordseecluster. With this acquisition, RWE will become the sole owner of the Nordseecluster, enabling efficient collaboration with the existing Nordsee One wind farm and maximizing overall energy production.

Please share:

RWE, a major global player in renewable energies, recently took an important step towards consolidating its position in the German offshore wind market. The company acquired the remaining 49% stake in Nordseecluster, a group of offshore wind farms with a capacity of 1.6 gigawatts (GW) located in the German North Sea. The cluster, located north of the island of Juist, was co-developed with Canadian company Northland Power, which sold its stake to RWE for around 35 million euros.

RWE consolidates its global position in offshore wind energy with Nordseecluster

With this acquisition, RWE aims to strengthen its leadership in offshore wind power and contribute to decarbonization efforts in Germany. The Nordseecluster will become Germany’s first gigawatt offshore wind cluster, generating around six terawatt-hours of green electricity per year once operational in 2027 and 2029. This significant capacity will play a key role in reducing carbon emissions and promoting sustainable energy production in the country.

Sven Utermöhlen, CEO of RWE Offshore Wind, expressed his enthusiasm at becoming the sole owner of Nordseecluster, underlining the company’s ambition to strengthen its global position in offshore wind. The acquisition provides RWE with significant scale and scope, enabling it to take advantage of synergies and achieve substantial economies of scale in the development, construction and operation of the cluster.

Nordseecluster will be built in two phases: Nordseecluster A and B. Nordseecluster A comprises two wind farms, N-3.8 and N-3.7, with a combined capacity of 660 megawatts (MW). Currently in the permit application phase, offshore work for Nordseecluster A is scheduled to start in 2025, with commercial commissioning planned for early 2027.

Nordseecluster B, the second phase, will include two additional wind farms, N-3.6 and N-3.5, adding a further 900 MW of capacity from 2029. RWE plans to participate in the next German offshore wind auction this year, exercising its intervention rights and bidding for the two Nordseecluster B sites.

Efficient collaboration: Nordseecluster and Nordsee One, an alliance for optimal energy production

RWE has already selected preferred suppliers for the main components of the four sites, with Vestas, a renowned wind turbine manufacturer, delivering 104 offshore wind turbines with a capacity of 15 MW each. This strategic decision guarantees the use of high-quality equipment and maximizes the efficiency and performance of Nordseecluster.

In addition, RWE’s extensive in-house skills will enable it to provide tailor-made green solutions, supporting the decarbonization process of its industrial and municipal customers. This holistic approach demonstrates RWE’s commitment not only to producing clean electricity, but also to meeting the unique sustainability needs of different sectors.

It should be noted that Nordseecluster will be located close to the existing 332 MW Nordsee One wind farm, jointly operated by RWE and Northland Power. This geographical advantage will facilitate efficient collaboration between the two wind farms, optimizing operations and improving overall energy production.

RWE’s acquisition of Northland Power’s stake in Nordseecluster marks an important step in the company’s continued leadership in renewable energies. By leveraging synergies, achieving economies of scale and offering tailor-made green solutions, RWE will make a substantial contribution to the German offshore wind industry, accelerating the transition to a sustainable, low-carbon future.

Register free of charge for uninterrupted access.

Publicite

Recently published in

CIB grants $97mn loan for Wedgeport Wind Farm in Nova Scotia

The Wedgeport Wind project led by Elemental Energy secures $97mn from the Canada Infrastructure Bank to install 12 turbines in southwest Nova Scotia.
France’s first floating wind farm, Provence Grand Large, located off the Gulf of Fos, has been commissioned with a 25 MW capacity, supplying the equivalent annual electricity consumption of 45,000 people.
France’s first floating wind farm, Provence Grand Large, located off the Gulf of Fos, has been commissioned with a 25 MW capacity, supplying the equivalent annual electricity consumption of 45,000 people.
Norges Bank Investment Management has finalised the acquisition of stakes in RWE's German and Danish projects, representing 2.6 GW of planned installed capacity by 2029.
Norges Bank Investment Management has finalised the acquisition of stakes in RWE's German and Danish projects, representing 2.6 GW of planned installed capacity by 2029.
Enlight has secured $310mn in financing to convert Gecama into a 554 MW wind-solar-storage hybrid plant, making it the largest installation of its kind in Spain.
Enlight has secured $310mn in financing to convert Gecama into a 554 MW wind-solar-storage hybrid plant, making it the largest installation of its kind in Spain.

France adjusts offshore wind contracts to avoid losses during negative pricing

The contracts for the offshore wind farms of Fécamp, Saint-Nazaire and Saint-Brieuc have been amended to allow production shutdowns when electricity prices fall below zero on the market.
AMEA Power has completed the commissioning of a 500MW wind power plant in Ras Ghareb, bringing its total deployed capacity in Egypt to 1GW within six months.
AMEA Power has completed the commissioning of a 500MW wind power plant in Ras Ghareb, bringing its total deployed capacity in Egypt to 1GW within six months.
The 102 MW wind project in Québec secures structured loans from Canadian banks, marking a new stage for the joint venture between Innergex and the Mi'gmaq communities.
The 102 MW wind project in Québec secures structured loans from Canadian banks, marking a new stage for the joint venture between Innergex and the Mi'gmaq communities.
Aker Solutions will deliver the steel structure for an HVDC converter station for the offshore BalWin2 project developed by Amprion Offshore, under a contract valued at up to NOK2.5bn ($228mn).
Aker Solutions will deliver the steel structure for an HVDC converter station for the offshore BalWin2 project developed by Amprion Offshore, under a contract valued at up to NOK2.5bn ($228mn).

CIP sells 25% stake in offshore wind project in the Philippines to ACEN

Copenhagen Infrastructure Partners sells a minority stake in its 1 GW project to ACEN to accelerate its development ahead of upcoming energy auctions planned by the Philippine government.
Swedish wind developer Eolus has issued senior secured green bonds worth SEK550mn ($51.5mn), enabling the full refinancing of its existing debt.
Swedish wind developer Eolus has issued senior secured green bonds worth SEK550mn ($51.5mn), enabling the full refinancing of its existing debt.
The Mattheshöhe wind farm, composed of six turbines with a unit capacity of 4.26 MW, has entered operation under ENERTRAG’s management in the Uckermark region.
The Mattheshöhe wind farm, composed of six turbines with a unit capacity of 4.26 MW, has entered operation under ENERTRAG’s management in the Uckermark region.
French group VALOREM has inaugurated a 27 MW wind farm in Kozani and plans 515 MW of additional projects in Greece, reinforcing its investment strategy in the local market.
French group VALOREM has inaugurated a 27 MW wind farm in Kozani and plans 515 MW of additional projects in Greece, reinforcing its investment strategy in the local market.

Enel acquires 285 MW of wind capacity in the US through asset swap

Enel Green Power North America will increase its consolidated renewable capacity in the US through a wind asset swap agreement with Gulf Pacific Power, for a net consideration of $50mn.
Clean Energy Technologies announces a non-binding agreement with a European renewable energy developer, supported by a $4.4mn capital raise for a transaction estimated at $85mn.
Clean Energy Technologies announces a non-binding agreement with a European renewable energy developer, supported by a $4.4mn capital raise for a transaction estimated at $85mn.
Dogger Bank Wind Farm has completed the installation of its third offshore HVDC converter platform, marking a major step in the development of the world’s largest offshore wind farm under construction.
Dogger Bank Wind Farm has completed the installation of its third offshore HVDC converter platform, marking a major step in the development of the world’s largest offshore wind farm under construction.
Danish company Ørsted completed ahead of schedule the installation of 24 subsea foundations off Taiwan’s coast for its offshore wind farm Greater Changhua 2b, using a non-piling technology.
Danish company Ørsted completed ahead of schedule the installation of 24 subsea foundations off Taiwan’s coast for its offshore wind farm Greater Changhua 2b, using a non-piling technology.

Japan: New Measures to Revive Offshore Wind Following Costly Delays

Facing rising costs and industry hesitation, Tokyo is considering major regulatory adjustments to boost its ambitious offshore wind program, crucial for the country’s energy diversification.
Italy's Ministry of the Environment has approved the environmental impact assessment for the Barium Bay project, clearing the way for its participation in a 3.8-GW offshore tender.
Italy's Ministry of the Environment has approved the environmental impact assessment for the Barium Bay project, clearing the way for its participation in a 3.8-GW offshore tender.
French group VALOREM is launching a crowdlending campaign in Finland to finance early-stage development of a large-scale wind project in the municipality of Kiuruvesi.
French group VALOREM is launching a crowdlending campaign in Finland to finance early-stage development of a large-scale wind project in the municipality of Kiuruvesi.
After being suspended in April, the Trump administration lifted the freeze on Equinor’s offshore Empire Wind project, reviving a $2.5bn construction site expected to power 500,000 homes.
After being suspended in April, the Trump administration lifted the freeze on Equinor’s offshore Empire Wind project, reviving a $2.5bn construction site expected to power 500,000 homes.

Norway to award up to 500 MW of floating wind with direct subsidies

Norway has launched a floating wind tender at Utsira Nord, including a subsidy cap of NOK35bn ($3.37bn) despite economic pressures hampering the sector.
BVH1 s.e.n.c., a partnership between Boralex, Énergir and Hydro-Québec, has secured funding for a 400 MW wind project under construction on private land in the Seigneurie de Beaupré.
BVH1 s.e.n.c., a partnership between Boralex, Énergir and Hydro-Québec, has secured funding for a 400 MW wind project under construction on private land in the Seigneurie de Beaupré.
ENGIE North America plans to supply up to 300 MW of electricity to Cipher Mining for a Texas-based data centre through a local wind facility.
ENGIE North America plans to supply up to 300 MW of electricity to Cipher Mining for a Texas-based data centre through a local wind facility.
Boralex announces quarterly net earnings of CAD 41 million, marked by a 4% decrease in energy production, despite successfully commissioning its first wind farm in the United Kingdom.
Boralex announces quarterly net earnings of CAD 41 million, marked by a 4% decrease in energy production, despite successfully commissioning its first wind farm in the United Kingdom.

Advertising