Announced
Financials
Tags
Renewable Energy Equipment
United Kingdom
wind farms
Acquisition
Majority
Private
Cross Border
Pending
Friendly
Single Bidder
Synopsis
RWE, a renewable energy firm, agreed to acquire wind farms Norfolk Boreas, Norfolk Vanguard West and Norfolk Vanguard East from Vattenfall, a Swedish multinational power company, in a £963m deal. “The Norfolk Offshore Wind Zone is incredibly important for the energy transition and reaching net zero. Today’s agreement with RWE is great news for the UK’s energy security, ensuring the Zone’s continued journey towards providing clean electricity for over 4 million homes as well as jobs and investment into the UK. Both the UK and the offshore market remain attractive over the long term, and we will focus our offshore investments in projects which are appropriate to our current risk appetite while continuing to operate and grow our existing fleet of assets," Anna Borg, Vattenfall CEO.
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