Deals Counterparts

RWE and Norges Bank Investment Management partner on Nordseecluster offshore wind development

Partnership Offshore Wind announced Germany Mar 7, 2026
1.6 GW
Capacity
construction
Stage
Nordseecluster offshore wind development
Project

RWE and Norges Bank Investment Management are partnering on the 1.6 GW Nordseecluster offshore wind development in the German North Sea.

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Source Intelligence

KEY DETAILS

The project is split into two phases: Nordseecluster A and Nordseecluster B. Phase A consists of 660 megawatts and is scheduled for operation in early 2027, while Phase B, with 900 megawatts, is projected to become operational in 2029. The two offshore electrical substations were built and integrated at the Chantiers de l’Atlantique shipyard in Saint-Nazaire, France. Each topside is around 40 meters in length and 22 meters in height. One unit weighs roughly 1,800 tons, and the other about 2,500 tons. The 1.6 gigawatt cluster is enough to provide clean electricity for approximately 1.6 million homes.

Capacity
Ultimately, Phases A and B total a 1.6 gigawatt cluster
Location
Nordseecluster offshore wind development prepares substations for deployment in the German North Sea
PARTIES MENTIONED IN SOURCE
R
RWE developer

"At the heart of this particular one is RWE and its partner Norges Bank Investment Management ."

N
Norges Bank Investment Management partner

"At the heart of this particular one is RWE and its partner Norges Bank Investment Management ."

medium quality Enriched Mar 7, 2026

Timeline

Announced
Mar 7, 2026
Signed
Closed

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