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RWE Share: RWE Collaborates With Emirati Group To Develop Offshore Wind Farms In Great Britain |  12/02/23

RWE Share: RWE Collaborates With Emirati Group To Develop Offshore Wind Farms In Great Britain | 12/02/23

Essen-based energy group RWE is looking to develop two British offshore wind projects in the North Sea with Masdar, a company from the United Arab Emirates that specializes in green energies.

RWE and state-owned company Masdar sealed their collaboration on Friday on the sidelines of the COP28 world climate conference in Dubai, as announced by RWE and British Prime Minister Rishi Sunak.

According to Sunak, the two companies want to invest 11 billion pounds (12.7 billion euros). A long-planned offshore wind farm off the Yorkshire coast could be the world’s largest, according to the British government.

The two projects, known as Dogger Bank South, are located on the Dogger Bank, in shallow waters in the North Sea, more than a hundred kilometers off the north-east coast of England. The two offshore wind farms have a capacity of 1.5 GW each.

With a planned total capacity of three gigawatts, RWE explained that Dogger Bank South could make an important contribution to achieving Britain’s climate neutrality targets. Together, the two projects could provide three million British homes with green electricity.

With a future 51 percent stake in both offshore wind projects, RWE will be responsible for the development, construction and operation of the two wind farms throughout their entire operational lives. Masdar will acquire the remaining 49 percent stake in both offshore wind projects.

According to RWE, construction will begin in 2025, with the first 800 MW of capacity coming online in 2029. Both projects are intended to be fully operational by the end of 2031. According to the companies, more than 2,000 jobs will be created during the construction phase, and another 1,000 direct and indirect jobs will be created during operation.

Food (AFP)