📋 Tender Overview
Scope of Work:
To Develop 420-MW Nordsee 3 Wind Project in German waters to be renamed N-3.5.
Description:
The unit of energy major RWE AG and its Canadian partner intend to develop, build and operate the wind farm through the JV. The entity will be 49%-owned by Northland Power, while the controlling 51% will be held by RWE. The duo’s plan is to develop and manage the project on a joint basis and reach commercial operations between 2026 and 2028.Northland and RWE hold step-in rights for the Nordsee 3 scheme. The proposed transaction will allow RWE to take a larger slice of the Nordsee 3, up from the original 15%.
