RWE Northland Powers is buying shares in the planned wind farm group in the North Sea for EUR 35 million. The system should one day be able to supply 1.5 million households with electricity.
The energy group RWE is expanding its offshore wind business and will become the sole owner of a planned group of wind farms in the North Sea. RWE announced in Essen that the Canadian company Northland Power had bought its 49 percent stake in the previously jointly developed cluster for EUR 35 million.
The group consists of four areas north of the island of Juist. The four wind farms with a total capacity of 1.6 gigawatts are to be commissioned in two stages in 2027 and 2029. They are expected to generate around six terawatt hours of green electricity annually. In purely mathematical terms, this amount of electricity would be enough to supply 1.5 million households with an annual consumption of 4,000 kilowatt hours with electricity for a year.
“We are thus further expanding our position as one of the world’s leading companies in the offshore wind sector,” explained the head of RWE Offshore Wind, Sven Utermöhlen. In particular, this supports the decarbonization of industry in the home market.
Source: Stern
