Norges Bank Investment Management (NBIM) plans to acquire a 49 percent equity stake in RWE’s 1.6-gigawatt Nordseecluster and 1.1-gigawatt Thor offshore wind projects, which are currently under construction. The agreed purchase price is approximately €1.4 billion ($1.5 billion).
The Nordseecluster, located approximately 50 kilometers (31 miles) north of the German island of Juist, is being built in two phases. For the first phase, the 660-megawatt Nordseecluster A, full commissioning is planned for 2027. For the second phase, the 900-megawatt Nordseecluster B, full commissioning is scheduled for 2029.
In total, Nordseecluster will generate enough green electricity to supply the equivalent of 1.6 million German households.
Thor wind farm, located approximately 22 kilometers (14 miles) off the west coast of Jutland, is Denmark’s largest offshore wind farm to date. Full commissioning is planned for 2027. With a total capacity of 1,080 megawatts, it will produc
