Thor: RWE signs concession agreement to build Denmark’s hitherto largest offshore wind farm

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  • Signing ceremony with Danish Minister for Climate, Energy and Utilities
  • Planned capacity of 1,000 megawatts
  • Full commissioning expected in 2027

Today, in the presence of the Danish Minister for Climate, Energy and Utilities, Dan Jørgensen, RWE has signed a concession agreement with the Danish Energy Agency (Energistyrelsen). The concession grants the right to construct and operate the Thor offshore wind farm for 30 years. With a planned capacity of around 1,000 megawatts Thor will be Denmark’s largest offshore wind farm to date. The wind farm will be built off the Danish west coast and is scheduled to reach full operation in 2027. Once fully operational, Thor would be capable of producing enough green electricity to supply the equivalent of more than one million Danish households.

“Scandinavia, and Denmark in particular, are important strategic growth markets for us. Denmark not only has very favourable wind conditions, the country also has ambitions to deploy even more offshore wind power. We are looking forward to working with the Danish Government and other partners, and in the upcoming months we will be starting our preliminary surveys. With Thor, we have two projects off the Danish coast and this means that we are making a major contribution to Denmark’s energy transition,” said Pål Coldevin, Executive Vice President for Offshore Development Nordics, Poland and Baltics at RWE Renewables.

RWE is a leading global player in renewables and number 2 worldwide in offshore wind. The Thor project will help to support the company’s goal to triple its global offshore wind capacity from 2.4 to 8 gigawatts by 2030. RWE is already involved in the Danish Rødsand 2 offshore wind farm, which is located south of the Danish island of Lolland, approximately 10 kilometres southeast of Rødbyhavn. The wind farm has an installed capacity of 207 MW (RWE share: 20%) and has been in operation since 2010.

The press release of the Danish Ministry of Climate, Energy and Utilities can be downloaded here.

Forward-looking statements

This press release contains forward-looking statements. These statements reflect the current views, expectations and assumptions of management, and are based on information currently available to management. Forward-looking statements do not guarantee the occurrence of future results and developments and are subject to known and unknown risks and uncertainties. Actual future results and developments may deviate materially from the expectations and assumptions expressed in this document due to various factors. These factors primarily include changes in the general economic and competitive environment. Furthermore, developments on financial markets and changes in currency exchange rates as well as changes in national and international laws, in particular in respect of fiscal regulation, and other factors influence the company’s future results and developments. Neither the company nor any of its affiliates undertakes to update the statements contained in this press release.

 

Über die RWE Renewables GmbH

RWE is leading the way to a green energy world. With an extensive investment and growth strategy, the company will expand its powerful, green generation capacity to 50 gigawatts internationally by 2030. RWE is investing €50 billion gross for this purpose in this decade. The portfolio is based on offshore and onshore wind, solar, hydrogen, batteries, biomass and gas. RWE Supply & Trading provides tailored energy solutions for large customers. RWE has locations in the attractive markets of Europe, North America and the Asia-Pacific region. The company is responsibly phasing out nuclear energy and coal. Government-mandated phaseout roadmaps have been defined for both of these energy sources. RWE employs around 19,000 people worldwide and has a clear target: to get to net zero by 2040. On its way there, the company has set itself ambitious targets for all activities that cause greenhouse gas emissions. The Science Based Targets initiative has confirmed that these emission reduction targets are in line with the Paris Agreement. Very much in the spirit of the company’s purpose: Our energy for a sustainable life.

Firmenkontakt und Herausgeber der Meldung:

RWE Renewables GmbH
Kruppstraße 74
45145 Essen
Telefon: +49 (201) 5179-0
Telefax: +49 (201) 5179-5005
https://www.group.rwe/der-konzern/organisationsstruktur/rwe-renewables

Ansprechpartner:
Sarah Knauber
Spokesperson
Telefon: +49 (162) 25444-89
E-Mail: sarah.knauber@rwe.com
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