Masdar to Acquire Stake in RWE's UK Offshore Wind Projects

Acquisition Offshore Wind announced United Kingdom May 8, 2024

GBP2300M

Deal Value

1.4 GW

Capacity

Masdar is acquiring a 49% stake in RWE's Dogger Bank South offshore wind farms (Dogger Bank South East and Dogger Bank South West) in the UK.

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Counterparts (2)

Investor

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

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.

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Timeline

Announced

May 8, 2024

Signed

Closed

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Source

www.power-technology.com

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