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 b18 csfgbmm.
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