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RWE Buying Offshore Wind Projects from Vattenfall in $1.2 Billion Deal

December 22, 2023

Germany-based RWE, among the world’s leading companies in development of offshore wind energy, said it will acquire three major projects off the East Anglia coast of the UK from Sweden’s Vattenfall in a $1.2 billion deal.

RWE on Dec. 21 said the projects, each with planned generation capacity of 1.4 GW, are in the Norfolk Offshore Wind Zone, sited 50 to 80 kilometers off the coast of Norfolk in East Anglia. The purchase agreement is for the Norfolk Vanguard West, Norfolk Vanguard East, and Norfolk Boreas installations, which are all expected to enter service by 2030.

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