RWE and Vattenfall have accomplished the sale of three offshore wind tasks within the UK. With the transaction accomplished, RWE has expanded its offshore wind portfolio within the UK by 4.2 GW.
The three tasks – Norfolk Vanguard West, Norfolk Vanguard East and Norfolk Boreas – every with a deliberate capability of 1.4 GW, are positioned 50 to 80 kilometres off the coast of Norfolk in East Anglia. The agreed buy value corresponds to an enterprise worth of GBP 963 million, Vattenfall stated.
The three growth tasks have already secured seabed rights, grid connections, Improvement Consent Orders and all different key permits.
Together with the three tasks, RWE stated the corporate is wanting ahead to welcoming nearly all of Vattenfall’s Norfolk group who will switch to RWE as a part of the transaction. As members of RWE’s international offshore wind group, they’ll take ahead the supply of those tasks below RWE’s Rising Inexperienced funding and development plans. All three Norfolk tasks are anticipated to be commissioned on this decade.
”Over the previous 13 years, the Norfolk group has finished a fantastic job in growing the three offshore wind tasks,” Sven Utermöhlen, CEO of RWE Offshore Wind, stated.
”I’m very completely satisfied to welcome them to our international offshore wind group and we’ll depend on their experience to take ahead the tasks’ supply in one of many world’s most engaging areas for offshore wind. Equally, I’m wanting ahead to persevering with the work with our provide chain companions. I’d additionally prefer to thank the Vattenfall group and The Crown Property for his or her work in facilitating a clean handover of the Norfolk tasks to make sure a seamless transition.”
The Norfolk Vanguard West and Norfolk Vanguard East tasks are most superior, having secured the procurement of most key parts.
The subsequent milestone within the growth of the Norfolk Vanguard West and the Norfolk Vanguard East tasks is to safe a Contract for Distinction (CfD) in one of many upcoming auctions, RWE stated.
The corporate stated it would resume the event of the Norfolk Boreas undertaking, which was beforehand halted. As a subsequent step, the RWE Norfolk group will work on securing most popular provider agreements for all key parts and can then enter the undertaking in a CfD public sale at a later date.
Together with the three Norfolk offshore wind tasks from Vattenfall, RWE is growing 9 offshore wind tasks within the UK, representing a mixed potential put in capability of round 9.8 GW, with RWE’s professional rata share amounting to 7 GW.
Moreover, RWE is establishing the 1.4 GW Sofia offshore wind undertaking within the North Sea off the UK’s east coast. The corporate’s objective is to triple its international offshore wind capability from 3.3 GW at present to 10 GW in 2030.
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