Masdar acquires 49% stake in RWE's 3GW Dogger Bank South offshore wind projects in the UK for an £11 billion investment

Masdar has acquired a 49% stake in RWE's 3GW Dogger Bank South (DBS) offshore wind projects in the UK, representing an £11 billion investment in the UK's renewables sector. This strategic partnership aims to develop one of the world's largest offshore wind farms, capable of powering up to 3 million British homes and supporting the UK's net-zero goals. The transaction, signed during COP28, underscores Masdar's commitment to expanding its global wind energy portfolio and leveraging shared expertise in large-scale renewable energy development.

Counterparts (2)

Buyer

Masdar

company · 7 deals

Masdar is a clean energy pioneer positioning the UAE at the forefront of the worldwide energy transition. They deploy renewable energy projects and realize low-carbon urban development, supporting over 40 countries in their energy transition.

Seller

RWE

company · 6 deals

RWE is a leading renewable energy company investing billions of euros worldwide in the energy transition. They are focused on expanding offshore and onshore wind, solar energy, and battery storage, complemented by global energy trading, with a goal to be net zero by 2040.