Northland Power divests 49% stake in the Nordseecluster Offshore Wind Projects

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

Northland Power Inc. has announced the sale of its 49% ownership stake in the Nordseecluster offshore wind portfolio in Germany to RWE Offshore Wind GmbH for a cash consideration of approximately EUR35 million (US$37.5 million).

With this transaction, RWE will now have full ownership of the projects, including Nordsee Two, Nordsee Three, Delta Nordsee, and Godewind.

Despite the sale, Northland Power remains focused on its growth trajectory and renewable energy development. The company is a power producer dedicated to developing, building, owning, and operating clean and green global power infrastructure assets in Asia, Europe, Latin America, North America, and other selected global jurisdictions.

List of the country updates

Country updates

  • May 25, 2023

    UKA Group plans to build 120 MW wind project in Northern Germany for Mercedes-Benz

    UKA Group is planning to build a 120 MW wind project in Papenburg, Germany as part of the long-term power purchase agreement (PPA) with global automaker Mercedes-Benz.  The project will feature...

    Read more
  • May 24, 2023

    Siltronic signs PPA with Axpo for 60 GWh of German solar capacity

    Siltronic has signed a 10-year power purchase agreement (PPA) with Axpo Solutions AG for the procurement of solar energy in Germany. The deal will be in effect from the beginning of 2024. This enables...

    Read more
  • May 12, 2023

    RWE, Westfalen Group to set up hydrogen fuel station in Lingen

    RWE and the Westfalen Group have announced a partnership to jointly develop green hydrogen fuel stations in Germany for hydrogen-powered vehicles. The joint venture aims to build up to 70 hydrogen fue...

    Read more
  • May 12, 2023

    50Hertz, Elering plan to develop 2 GW hybrid submarine cable project

    50Hertz and Elering have signed a Letter of Intent to jointly develop the 2 GW Baltic WindConnector hybrid submarine cable project that will run around 750 km long between Estonia and Germany in the B...

    Read more
  • May 09, 2023

    JUWI plans 260 MW wind project in North Rhine-Westphalia

    JUWI GmbH, owned by MVV Energie AG, has signed a license agreement with the Schloss Herdringen Cultural Foundation for the development of the planned 262.5 MW wind project in North...

    Read more

Share this update