RWE ACQUIRES THREE WIND DEVELOPMENT PROJECTS OFF UK’S EAST ANGLIA COAST

December 26, 2023

RWE, one of the world’s leading offshore wind companies, will acquire the UK Norfolk Offshore Wind Zone portfolio from Vattenfall. The portfolio comprises three offshore wind development projects off the east coast of England – Norfolk Vanguard West, Norfolk Vanguard East and Norfolk Boreas.
The three projects, each with a planned capacity of 1.4 gigawatts (GW), are located 50 to 80 kilometres off the coast of Norfolk in East Anglia. This area is one of the world’s largest and most attractive areas for offshore wind. After 13 years of development, the three development projects have already secured seabed rights, grid connections, Development Consent Orders and all other key permits. The Norfolk Vanguard West and Norfolk Vanguard East projects are most advanced, having secured the procurement of most key components. The next milestone in the development of these two projects is to secure a Contract for Difference (CfD) in one of the upcoming auction rounds. RWE will resume the development of the Norfolk Boreas project, which was previously halted. All three Norfolk projects are expected to be commissioned in this decade.
RWE is a leading partner in the delivery of the UK’s Net Zero ambitions and energy security, as well as in contributing to the UK build-out target for offshore wind of 50 GW by 2030. RWE already operates 10 offshore wind farms across the UK.
(Source and image: RWE)