Norway’s Equinor has sold off half of its stake in the Arkona offshore wind farm off Germany to funds advised by Credit Suisse Energy Infrastructure Partners for €500 million ($547.6 million).

Equinor revealed Thursday it had sold a 25% share in the Baltic Sea windfarm, with Germany’s RWE Renewables to maintain its 50% operated interest.

“This divestment demonstrates Equinor’s ability to realise value from the development of offshore wind projects,” Equinor’s executive vice president in New Energy Solutions, Pal Eitrheim said.