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RWE buys Vattenfall’s 4.2GW Norfolk portfolio

RICHARD HEAP

December 22, 2023

German utility RWE is buying a 4.2GW trio of offshore wind projects off the coast of Norfolk in the UK from Vattenfall for £963m.

The portfolio is made up of the 1.4GW Norfolk Boreas, 1.4GW Norfolk Vanguard East and 1.4GW Norfolk Vanguard West projects where Vattenfall this week picked Vestas as preferred turbine supplier. The acquisitions are due to conclude in the first quarter of 2024.

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