Stake Transaction

In 2008, RWE Innogy acquired the Innogy Nordsee 1 offshore wind project from the original developer ENOVA. This transaction transferred the development rights for the project area in the German North Sea, which later gave rise to the 332 MW Nordsee One offshore wind farm. The acquisition marked RWE Innogy’s entry as the controlling project owner and laid the basis for subsequent restructuring of the project and later partnership with Northland Power. No financial terms or exact stake percentage are stated in the available sources, but the wording indicates a full project-rights acquisition from ENOVA to RWE Innogy.