RWE, one of the world’s leading offshore wind companies, will acquire the UK Norfolk Offshore Wind Zone portfolio from Vattenfall. The portfolio comprises three offshore wind development projects off the east coast of England – Norfolk Vanguard West, Norfolk Vanguard East and Norfolk Boreas.
The three projects, each with a planned capacity of 1.4 gigawatts (GW), are located 50 to 80 kilometres off the coast of Norfolk in East Anglia. This area is one of the world’s largest and most attractive areas for offshore wind.
The agreed purchase price to acquire the Vattenfall portfolio is based on an enterprise value of £963 million.
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