Nordsee One GmbH is incorporated in Hamburg (Germany) and owned 85% by Northland Power Inc. and 15% by RWE Innogy GmbH. The purpose of the company is to develop, finance (through non-recourse financing), construct and operate the Nordsee One Wind Farm being a 332MW offshore wind project located in the German North Sea (45km from the coast of Germany). Offshore construction works are ongoing.