Delayed fireworks in the new year: Big success in the UK Allocation Round 7!
Major Success in Allocation
Round 7
Sven Utermöhlen about the milestone that underlines RWE’s position as one of the world’s leading offshore wind companies.
Sven Utermöhlen, Chief Executive Officer (CEO) Offshore Wind
As announced by the UK government today, we are delighted to have been successful in securing 20-year Contracts for Difference (CfD) at a strike price of £ 91.20 per MWh for five projects, totalling 6.9 GW.
For the realisation of the winning projects Norfolk Vanguard East and Norfolk Vanguard West, we are more than happy to have KKR acquiring a 50% equity stake in each project. Together with our new strategic partner, we will be jointly developing, constructing, and operating the wind farms.
We are experiencing the value of strong partnerships firsthand with our renowned partner Masdar (Abu Dhabi Future Energy Company). Together, we are forging ahead with the Dogger Bank South projects, which have a combined capacity of 3 GW. And we are delighted that both projects have been awarded a CfD today.
And that’s not all. Last but definitely not least, we were just as successful with our 775-MW-project Awel y Môr (located in the Irish Sea), on we are proud to collaborate with Stadtwerke München GmbH and Siemens.
With 4.8 GW currently under construction and this success, we are once again underlining our position as one of the world's leading offshore wind companies. None of this would be possible without our fantastic Team at RWE. My sincere thanks go to all colleagues involved for achieving this great milestone.
And now we move on to implementation.