The Danish Energy Agency has granted a 30-year electricity production licence to the Thor offshore wind farm. The project has an installed capacity of 1.1 GW, with construction activities for the project progressing as scheduled. Once fully operational in 2027, the wind farm is projected to generate enough renewable electricity to meet the annual demand equivalent of approximately one million Danish households.
The wind farm is being developed as a joint venture between RWE, which holds a 51 per cent stake, and Norges Bank Investment Management, which owns the remaining 49 per cent. Moreover, RWE is responsible for overseeing construction and managing operations across the entire lifecycle of the project. In 2025, the offshore substation and foundations for all 72 wind turbines were installed approximately 22 kms off the west coast of Jutland. Furthermore, turbine installation is planned to begin in the spring of 2026, with the deployment activities to be carried out from the Port of Esbjerg in Denmark.
In December 2025, RWE entered into an agreement with PGE for the sale of the F.E.W. Baltic II offshore wind project in the Polish Baltic Sea. The project has a planned installed capacity of 350 MW and is located around 50 km off the coast, north of the town of Ustka. The transaction is expected to reach financial close in the first quarter of 2026.
