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RWE Seeking Partner for 4.2GW Norfolk Zone
2025-04-06 15:00
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Wedoany.com Report-Apr. 6, RWE Renewables is set to sell a 50% stake in the 4200MW Norfolk offshore wind zone off east England. The German developer, which acquired the plot from Vattenfall in late 2023, is seeking a partner as part of an “active portfolio management” strategy. A sale is expected in 2025.

The Norfolk site consists of three wind farms: Vanguard East, Vanguard West, and Boreas, each with a capacity of 1.4GW. All are consented and eligible for this year’s AR7 CfD auction. By selling down and partnering, RWE aims to optimize capital allocation for their offshore wind business.

The company recently sold a 49% stake in the Nordseecluster and Thor developments to Norges Bank Investment Management. It also plans to sell a 49% stake in the under-construction 1.4GW Sofia project in 2026.

This strategic move reflects RWE’s focus on diversifying their portfolio and improving efficiency in their offshore wind operations.

UK
Wind PowerEnergy Engineering
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