RWE swoops for Vattenfall's 4.2GW Norfolk offshore wind portfolio in £963m deal

Stuart Stone
clock • 5 min read
Credit: RWE
Image:

Credit: RWE

German energy giant inks deal to continue development three 'massive' offshore wind farms, one of which had been paused by Vattenfall amid wider industry inflationary pressures

RWE is poised to snap up the rights to develop three major offshore wind projects off the coast of Norfolk comprising 4.2GW of planned capacity, after announcing a near-£1bn deal with Swedish state-owned...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Wind

'A major geostrategic asset': Study claims North Sea offshore wind turbines could be used as defence assets

'A major geostrategic asset': Study claims North Sea offshore wind turbines could be used as defence assets

Report argues wind turbines could offer security benefits that extend beyond the provision of reliable clean power

clock 21 January 2026 • 4 min read
How new offshore wind contracts promise to push down wholesale power prices

How new offshore wind contracts promise to push down wholesale power prices

Snap analysis from ECIU claims 8.4GW boost to offshore wind farm capacity promises to cut wholesale power prices by over 10 per cent thanks to reduced UK gas reliance

James Murray
clock 14 January 2026 • 5 min read
'The best defence against geopolitical volatility': Green economy reacts to UK clean power auction results

'The best defence against geopolitical volatility': Green economy reacts to UK clean power auction results

BusinessGreen rounds up reaction from politicians, renewables developers, green businesses, and campaigners to news the UK has secured 8.4GW of new offshore wind capacity through the latest clean power contracts auction

BusinessGreen staff
clock 14 January 2026 • 15 min read