As part of the UK’s seventh Contracts for Difference (CfD) allocation round, RWE has achieved a key step in consolidating its presence in the offshore wind sector by securing a total capacity of 6.9 gigawatts (GW). The contracts, with a strike price of £91.20 per megawatt hour and a 20-year term, guarantee stability for strategic projects in the North Sea and Irish Sea.
A far-reaching strategic alliance
As part of this expansion, RWE signed an agreement with the global investment firm KKR to jointly develop the wind farms Norfolk Vanguard East and Norfolk Vanguard West, totaling 3.1 GW. KKR will acquire a 50% stake in both projects. The final investment decision and financial closing is expected to materialize in the summer of 2026.
Both farms will be located off the Norfolk coast and will have the capacity to supply some three million British homes with clean energy once they come on line, scheduled for 2029 and 2030 respectively.
Dogger Bank South and Awel and Môr complete RWE’s bidding process
Together with Norfolk Vanguard, the other three projects awarded to RWE in this round bring the total to 6.9 GW:
- Dogger Bank South (DBS): Divided into two sites (DBS East and DBS West), this project in North Sea waters will contribute 3 GW. It is being developed by RWE together with Masdar and is expected to come on stream in 2031 and 2032.
- Awel y Môr: Located off the coast of Wales, it will generate 0.8 GW. The consortium is composed of RWE (60%), Stadtwerke München (30%) and Siemens (10%). Commissioning is scheduled for 2031.
Together, these farms will be able to generate enough power for more than 6 million homes in the UK, positioning RWE as a key player in the country’s energy transition.
An expanding model of collaboration
In addition to its collaboration with KKR, RWE highlighted the benefits of working with partners such as Masdar, Siemens and Stadtwerke München. In each of the projects, the German company leads the development, construction and operation stages, adding its technical expertise to the long-term vision of its partners.
With these developments, RWE strengthens its global clean energy portfolio. clean energyand consolidates its role as a key player in the reconfiguration of the UK’s energy mix.
Source: RWE