RWE and Masdar’s Dogger Bank partnership announced
With news in October this year that the new Dogger Bank Wind Farm had generated electricity for the first time, RWE and Masdar have announced a 3 GW capacity partnership at the DBS (Dogger Bank South) facility.
The announcement, made during COP28, outlines Masdar’s acquisition of a 49% stake in the projects, while RWE retains a 51% share and maintains responsibility for the overall development, construction and operation.
Located in the North Sea, over 100 kilometres from England’s east coast, the DBS projects consist of two offshore wind ventures, each with a 1.5GW capacity.
The closing of the transaction is contingent on customary approvals and is expected to occur in the first quarter of 2024.
Masdar’s Chief Executive Officer Mohamed Jameel Al Ramahi said: “The UK is the world’s second largest offshore wind market and offers huge growth potential.”
The facility will eventually boast 277 turbines that will eventually generate enough clean electricity to power 6 million homes.
Each rotation of the massive 107-metre-long blades on Dogger Bank’s operational turbine can generate enough energy to power an average British home for two days.
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