RWE has acquired the Norfolk Offshore Wind Zone portfolio from Vattenfall. The portfolio comprises three offshore wind development projects off the east coast of England – Norfolk Vanguard West, Norfolk Vanguard East and Norfolk Boreas. The three projects, each with a planned capacity of 1.4 GW, are located 50 to 80 km off the coast of Norfolk in East Anglia.
Furthermore, after 13 years of development, the three development projects have already secured seabed rights, grid connections, Development Consent Orders and all other key permits. The next step in the development of these two projects is to secure a Contract for Difference in one of the upcoming auction rounds. RWE will resume the development of the Norfolk Boreas project, which was previously halted. All three Norfolk projects are expected to be commissioned in this decade.
Earlier this month, RWE inked a partnership agreement with Masdar to jointly develop the UK Dogger Bank South offshore wind projects. The completion of these landmark projects will continue to be led by both partners. The transaction is anticipated to close in the first quarter of 2024, subject to customary clearances.
