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NBIM to acquire stake in Nordseecluster and Thor offshore wind projects

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Norges Bank Investment Management (NBIM) will acquire a 49% stake in two offshore wind projects, Nordseecluster in Germany and Thor in Denmark, for €1.4 billion ($1.5 billion) from RWE. The deal, subject to regulatory approvals, is expected to close by the third quarter of 2025. RWE will retain a 51% stake and continue as the developer and operator of both projects, which are currently under construction. The total valuation of the projects stands at €2.87…

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Mammoet to manage monopiles for RWE’s offshore wind projects in Europe

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Mammoet has secured a contract with Buss Ports to handle the marshalling of wind turbine generator foundations for two of Europe’s largest offshore wind farms: RWE’s Nordseecluster A in Germany and Thor in Denmark. The Nordseecluster, situated in the eastern German North Sea, will have a total capacity of 1.6 GW, enough to power 1.6 million homes. Construction for Nordseecluster A (NC 1 and NC 2) is set to begin in 2025, with grid connection…