Energy Transition

Norwegian oil fund buys 49% stake in North Sea wind farms

Fund pays German utility RWE $1.5 billion for stakes in 1.6 GW Nordseecluster in Germany and 1.1 GW Thor wind farm in Denmark, both under construction

NTIB chief executive Nicolai Tangen. The Norwegian oil fund paid $1.5 billion to German utility RWE for stakes in two North Sea wind farms.
NTIB chief executive Nicolai Tangen. The Norwegian oil fund paid $1.5 billion to German utility RWE for stakes in two North Sea wind farms.Photo: NTB/SCANPIX
European Editor, Recharge
Published 31 March 2025, 08:46Updated 31 March 2025, 08:50
NorwayRWENorth SeaDenmarkGermany