Energy Central Professional


Germany's RWE buys out Canada's Northland in North Sea wind farm

dpa English  


    Essen (dpa) - German energy company RWE has bought the 49% stake in four planned North Sea windfarms held by Canada's Northland Power, paying ?35 million ($37.6 million) to take full ownership.

    The two companies had been jointly developing the turbine cluster on four sites to the north of the East Friesian island of Juist. The four windfarms with a total output of 1.6 gigawatts are to be commissioned in two stages between 2027 and 2029, RWE announced in Essen on Thursday.

    They are expected to generate around 6 terawatt-hours of electricity every year, theoretically equivalent to the consumption of 1.5 million households each consuming 4,000 kilowatt-hours per year.

    "Becoming the sole owner of the Nordsee cluster aligns with our ambition to further grow our position as a global leader in offshore wind. As it will be Germany's first gigawatt-scale offshore wind cluster, it will provide us with significant size and scale," RWE Offshore Wind CEO Sven Utermöhlen said.

    RWE was supporting decarbonization in its domestic market, Utermöhlen added. "And we are going for even more as we plan to take part in the large German offshore wind auctions in summer this year."

    # Notebook

    ## Internet links - [RWE statement](">


Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.