Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
On 4 June 2025, RWE and Norges Bank Investment Management (NBIM) closed a transaction worth approximately EUR 1.4 billion under which NBIM acquired a 49% equity stake in RWE’s Thor and Nordseecluster offshore wind projects, making Nordseecluster (including Nordseecluster A) a joint project owned 51% by RWE and 49% by NBIM while RWE remains responsible for construction and operations. The transaction followed an earlier announcement in March and covers both the Danish Thor project and the German Nordseecluster located about 50 kilometres north of Juist.