
RWE Renewables will hold 51% and Northland Power 49% of the shares in the new Joint Venture. The new offshore wind cluster includes a total of three offshore wind leases, which are located north of the island of Juist. One offshore site (N-3.8) with a capacity of 433MW was already secured by the partners in the latest German offshore wind auction. The other two leases will add a further 900MW of capacity and are expected to be auctioned in 2023. For both sites the Joint Venture holds step-in rights.
To form the new North Sea Cluster, Northland Power joins RWE in the development of the offshore site N-3.6 (previously known as Delta Nordsee 1&2), which has a planned capacity of 480MW. At the same time, RWE takes a larger share, a 51% stake compared to the previous 15%, in the 433MW site N-3.8 (previously known as Nordsee 2) and the 420MW offshore lease N-3.5 (previously known as Nordsee 3). The cluster will be in close proximity to the existing 332MW Nordsee One wind farm in which Northland and RWE are partners already.