RWE Secures 6.9 GW Offshore Wind Contracts in UK's Allocation Round 7
RWE secured Contracts for Difference (CfDs) for five UK offshore wind projects totaling 6.9 GW in Allocation Round 7 at a strike price of £91.20/MWh. The projects include Norfolk Vanguard East and West, Dogger Bank South East and West, and Awel y Môr.
RWE partnered with KKR for Norfolk Vanguard, where KKR will hold a 50% stake. Dogger Bank South projects are a joint venture with Masdar, while Awel y Môr involves Stadtwerke München and Siemens. Commissioning for Norfolk Vanguard is expected in 2029 and 2030, while Dogger Bank South is slated for 2031 and 2032.
Awel y Môr, with a capacity of 0.8 GW, is expected to be operational in 2031. RWE aims to enhance its offshore wind capacity amid the UK’s renewable energy targets and carbon reduction goals.
