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RWE is set to acquire the Norfolk Offshore Wind Zone portfolio from Vattenfall, featuring three projects off England’s east coast—Norfolk Vanguard West, Norfolk Vanguard East, and Norfolk Boreas, each with a planned 1.4 GW capacity. Located in a prime offshore wind area, these projects, after 13 years of development, have secured key permits, seabed rights, and grid connections.
Norfolk Vanguard West and East, the most advanced, aim to secure a Contract for Difference (CfD) in upcoming auction rounds. RWE will revive the Norfolk Boreas project, and all three are slated for commissioning within this decade.
Sven Utermöhlen, CEO of RWE Offshore Wind, said, “With the acquisition of the Norfolk Offshore Wind Zone portfolio, we are taking over three well-advanced offshore wind projects from Vattenfall. I am very happy that we will work with Vattenfall towards facilitating team continuity to ensure the successful handover and further development of the projects. Equally I am looking forward to continuing the work with the supply chain companies. We will deliver these as part of our Growing Green investment and growth programme.“
Tom Glover, RWE’s UK Country Chair, added, “The UK has been one of our most important core markets for decades. We are delighted that we can now further contribute to achieving the UK’s ambitious build-out targets for offshore wind. The timely and efficient deployment of offshore wind is essential to ensure the UK’s domestic energy security, as well as achieving our net zero targets. We very much welcome the UK government’s recent decisions on future offshore wind auctions which provides us with the confidence to invest and represents a positive step in maximising the UK’s clean energy potential, ensuring sustained and lowest prices for consumers and creating good quality jobs.”
