UK Offshore Wind Boost as RWE Awards Secured for Norfolk Vanguard Dogger Bank South and Awel y Môr

UK Offshore Wind Boost as RWE Awards Secured for Norfolk Vanguard Dogger Bank South and Awel y Môr

(IN BRIEF) RWE has been awarded Contracts for Difference for five offshore wind projects in the UK under Allocation Round 7, securing 6.9 GW of capacity at a strike price of £91.20/MWh. The projects include Norfolk Vanguard East and West, Dogger Bank South East and West, and Awel y Môr. In parallel, RWE has agreed a strategic partnership with KKR, which will acquire a 50% stake in the Norfolk Vanguard projects. The awards mark a major milestone in RWE’s UK offshore wind development pipeline, with commissioning scheduled between 2029 and 2032.

(PRESS RELEASE) ESSEN, 14-Jan-2026 — /EuropaWire/ — RWE has secured a major boost to its UK offshore wind portfolio after being awarded Contracts for Difference (CfDs) for five large-scale offshore wind projects under the UK government’s Allocation Round 7 (AR7). The awards cover the Norfolk Vanguard East and Norfolk Vanguard West projects, the two Dogger Bank South projects, and the Awel y Môr offshore wind development, representing a combined capacity of 6.9 gigawatts. All projects secured 20-year CfDs at a strike price of £91.20 per megawatt hour in 2024 prices, indexed to inflation, as confirmed by the Department for Energy Security and Net Zero.

Alongside the CfD awards, RWE has entered into a long-term partnership with global investment firm KKR for the development of the Norfolk Vanguard East and Norfolk Vanguard West offshore wind farms. Under the agreement, KKR will acquire a 50% equity stake in each project, with both partners jointly responsible for development, construction and operation. Completion of the transaction remains subject to customary approvals and is expected in summer 2026.

The Norfolk Vanguard East and Norfolk Vanguard West projects together account for 3.1 GW of capacity. Located between 50 and 80 kilometres off the Norfolk coast, the wind farms are expected to generate enough electricity to supply around three million UK homes once operational. RWE has initiated the process to secure non-recourse project finance debt, with financial close, final investment decision and completion of the partnership transaction targeted for summer 2026. Commissioning is planned for 2029 for Norfolk Vanguard West and 2030 for Norfolk Vanguard East.

The Dogger Bank South offshore wind projects, comprising Dogger Bank South East and Dogger Bank South West, are being developed in the shallow waters of the North Sea more than 100 kilometres off England’s northeast coast. Together, the two projects will deliver a combined capacity of 3 GW, sufficient to power the equivalent of approximately three million UK homes annually. RWE is leading development, construction and operations on behalf of the project partners, following the partnership agreement with Masdar, which holds a 49% stake. Commissioning is expected in 2031 for Dogger Bank South West and 2032 for Dogger Bank South East.

The Awel y Môr offshore wind project is being developed as an extension to the existing Gwynt y Môr wind farm in the Irish Sea, around 10.5 kilometres off the north Wales coast. With an estimated capacity of 0.8 GW, the project is expected to supply electricity to the equivalent of around 870,000 UK homes once operational. The project is jointly owned by RWE, Stadtwerke München and Siemens, with RWE leading development activities. Commissioning is targeted for 2031.

The successful outcome of AR7 further reinforces RWE’s position as a leading global offshore wind developer. The company currently operates 19 offshore wind farms across five countries and has several additional projects under construction in Europe. With the latest CfD awards and new strategic partnerships, RWE continues to advance its UK offshore wind pipeline and contribute significantly to the country’s long-term energy transition.

RWE – a leading global player in offshore wind

RWE is one of the world’s leading companies in offshore wind. The company currently operates 19 offshore wind farms in five countries with a total installed capacity of 6.2 GW – RWE’s share in these projects amounts to 3.3 GW. Furthermore, RWE currently has four offshore wind projects under construction in four countries: Sofia off the coast of Northern England, Thor in Denmark, OranjeWind off the Dutch coast and Nordseecluster north of the German island of Juist. Once completed, these projects will have a combined generation capacity of 4.8 GW, with RWE’s share amounting to 3.1 GW.

For further enquiries:
Vera Bücker
RWE AG
Head of Media Relations
International & Finance
T +49 (0) 201 5179-5112
M +49 (0) 162 251 73 29
E vera.buecker@rwe.com

RWE
RWE is leading the way to a modern energy world. With its investment and growth strategy, RWE is contributing significantly to the success of the energy transition and the decarbonisation of the energy system. Around 20,000 employees work for the company in almost 30 countries worldwide. RWE is one of the leading companies in the field of renewable energy. RWE is investing billions of euros in expanding its generation portfolio, in particular in offshore and onshore wind, solar energy and batteries. This is perfectly complemented by its global energy trading business. Thanks to its integrated portfolio of renewables, battery storage and flexible generation, as well as its broad project pipeline of possible new builds, RWE is well positioned to address the growing global demand for electricity, particularly driven by further electrification and artificial intelligence. RWE is decarbonising its business in line with the 1.5-degree reduction pathway and will phase out coal by 2030. RWE will be net zero by 2040. Fully in line with the company’s purpose – Our energy for a sustainable life.

KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds
that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com

Forward-looking statements
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SOURCE: RWE