Nordsee One

Location: North Sea, Germany

Energy source & type: Wind - Offshore Wind Farm

Opened: 2017

Capacity: 332 MW

%Owned/Operated: 85%/100%

Overview

Located 40 km off the coast of Germany, Northland is 85% owner of the €1.2 billion Nordsee One offshore wind farm. Northland's project team reached financial close for Nordsee One in March 2015 and the project was completed in December 2017, ahead of schedule and under budget.

Features

Strong winds and 26-29m water depth provide ideal conditions
Located 77 km from Northland’s other German offshore wind project, Deutsche Bucht
Power contract with feed-in-tariff subsidy for approximately ten years under the German Renewable Energy Act
Tennet responsible for grid connection to shore
Robust project returns meet Northland's investment criteria
Active ongoing oversight of the project company provided by RWE (15% partner), a global leader in renewable energy
54x Senvion 6.15 MW turbines

Documents & Links

2021 Spain Acquisition Investor Deck

Strategic investment establishes Northland as a leading operator in a high-growth renewables market and delivers near-term cash flow which complements offshore wind growth strategy

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