Norges Bank

(IN BRIEF) RWE has received planning permission from the German Federal Maritime and Hydrographic Agency for the second phase of its Nordseecluster offshore wind project, enabling the addition of 900 megawatts of capacity to the existing 660-megawatt first phase currently … Read the full press release →

(IN BRIEF) RWE has opened a new operations and maintenance base at Thorsminde Port to support the Thor offshore wind farm, Denmark’s largest offshore wind project. The 2,300 square metre facility will serve as the central hub for managing the … Read the full press release →

(IN BRIEF) RWE has installed the first turbine at the 1.1-gigawatt Thor offshore wind farm off Denmark’s west coast, marking a major milestone in the construction of the country’s largest offshore wind project. The wind farm will include 72 Siemens … Read the full press release →

(IN BRIEF) Equinor ASA has finalized the NOK value of its previously declared third-quarter 2025 dividend of USD 0.37 per share, calculating the payment at NOK 3.5249 per share using an average Norges Bank USD/NOK fixing rate of 9.5267 around … Read the full press release →

(IN BRIEF) RWE has reached a key construction milestone for the 1.6-gigawatt Nordseecluster offshore wind project with the completion of two large electrical substations at Chantiers de l’Atlantique in Saint-Nazaire, which will now be transported to the North Sea for … Read the full press release →

(IN BRIEF) Amazon and RWE have signed a 110 MW Power Purchase Agreement for electricity from the Nordseecluster B offshore wind farm in the German North Sea, building on their 2025 strategic partnership and supporting both companies’ digital and decarbonisation … Read the full press release →

(IN BRIEF) RWE has secured a 30-year electricity production licence for the Thor offshore wind farm, marking a significant milestone for Denmark’s largest offshore wind project. With an installed capacity of 1.1 gigawatts, Thor is expected to supply renewable electricity … Read the full press release →

(IN BRIEF) Iberdrola has begun assembling turbines for the new Tâmega Wind Farm, which will become Portugal’s largest wind installation with 274 MW of capacity, 38 Vestas 7.2 MW turbines, and annual generation of 601 GWh. The €350 million project … Read the full press release →

(IN BRIEF) Schroders and the Financial Times have named Stephen Witt as the 2025 Business Book of the Year Award winner for The Thinking Machine, an exploration of Nvidia, AI and the leadership of Jensen Huang. Witt received £30,000, with … Read the full press release →

(IN BRIEF) RWE has completed installation of all 44 turbine foundations and secondary steel structures for the 1.6 GW Nordseecluster offshore wind project off the German coast. Each monopile weighs around 1,500 tonnes and forms part of Nordseecluster A, which … Read the full press release →

(IN BRIEF) RWE has completed the installation of all 72 monopile foundations for the 1.1-gigawatt Thor offshore wind farm in Denmark, achieving the milestone within just five months. Located 22 kilometres off the Jutland coast, Thor is being jointly developed … Read the full press release →

(IN BRIEF) RWE and Norges Bank Investment Management have marked a significant milestone in their joint Nordseecluster offshore wind project with the installation of the first monopile foundation approximately 50 km off the coast of Juist, Germany. Each foundation, weighing … Read the full press release →

(IN BRIEF) On 18 June 2025, Norges Bank’s Monetary Policy and Financial Stability Committee reduced the policy rate from 4.50 percent to 4.25 percent in a unanimous decision, marking the beginning of a cautious normalization after a tightening cycle that … Read the full press release →

(IN BRIEF) RWE has partnered with Norges Bank Investment Management to transfer a 49% stake in its Nordseecluster and Thor offshore wind projects, valued at approximately €1.4 billion. RWE will remain responsible for the projects’ construction and ongoing operations. The … Read the full press release →

(IN BRIEF) Equinor ASA has declared a total dividend of USD 0.70 per share for the third quarter of 2024, consisting of an ordinary and an extraordinary cash dividend of USD 0.35 each. The corresponding NOK value is NOK 7.8274 … Read the full press release →

(IN BRIEF) Equinor ASA announced a total cash dividend of USD 0.70 per share for Q2 2024, comprising an ordinary and an extraordinary dividend of USD 0.35 each. Based on the average USD to NOK exchange rate of 11.0741, the … Read the full press release →

(IN BRIEF) Norges Bank is continuing formal discussions with the European Central Bank (ECB) to integrate Norwegian instant payments into the Eurosystem’s TARGET Instant Payment Settlement (TIPS) service. After evaluating various factors, Norges Bank concluded that participating in TIPS would … Read the full press release →

(IN BRIEF) Equinor ASA announced an ordinary cash dividend of USD 0.35 per share and an extraordinary cash dividend of USD 0.35 per share for the fourth quarter of 2023. The NOK cash dividend per share is calculated based on … Read the full press release →

(IN BRIEF) In a recent analysis, Helge Pedersen, Nordea Group Chief Economist, emphasizes the global economic resilience, signaling a potential soft landing. However, strong labor markets pose challenges for monetary policy, especially with the new geopolitical dynamics. While Norway and … Read the full press release →

(IN BRIEF) Norges Bank, Norway’s central bank, has appointed Therese Steen as the new Executive Director of Norges Bank Administration (NBA). Currently serving as the Director General of the Department of Administrative and Constitutional Affairs in the Office of the … Read the full press release →