UK, North Sea / Irish Sea: RWE has been awarded Contracts for Difference (CfDs) for five offshore wind projects with a total capacity of 6.9 GW in the UK’s Allocation Round 7 (AR7). The projects include Norfolk Vanguard East, Norfolk Vanguard West, Dogger Bank South, and Awel y Môr, all located in the North and Irish Seas. These projects will help meet the UK’s renewable energy targets, with RWE receiving a strike price of $122.5 (£91.20) per megawatt hour.
In addition, RWE has partnered with global investment firm KKR, which will acquire a 50 % equity stake in the Norfolk Vanguard East and West projects. The two companies will jointly develop, construct, and operate the wind farms. The deal is expected to close in summer 2026, with project financing and final investment decisions targeted for the same period.
Once operational, the Norfolk Vanguard projects will have a combined capacity of 3.1 GW, generating enough electricity to power around 3 million homes. Commissioning is expected between 2029 and 2030.
RWE also secured CfDs for the Dogger Bank South projects, which will produce enough electricity to power another 3 million homes. These projects are a joint venture with Masdar, with commissioning slated for 2031-2032.
The Awel y Môr project, located off the coast of Wales, will add 0.8 GW of capacity, helping power around 870,000 homes, with expected commissioning in 2031.
RWE continues to strengthen its position as a global leader in offshore wind, with 19 operating wind farms and 4 under construction.
Source: RWE
