KKR and RWE to form a joint venture.

KKR, a private equity firm, and RWE, a renewable energy company, agreed to form a joint venture to jointly realise RWE’s UK Norfolk Vanguard East and Norfolk Vanguard West offshore wind projects. Financial terms were not disclosed. “We are delighted to be forming this strategic partnership with RWE, a proven leader in offshore wind with an exceptional track record of developing high-quality projects. This investment underscores our conviction in the long-term importance of UK renewables and the central role offshore wind will play in advancing the country’s energy transition. By leveraging our complementary strengths – RWE’s world-class development expertise and KKR’s expertise in investing and owning large scale construction and renewable projects – we are helping deliver a significant addition to the UK’s future offshore wind capacity and support the UK in its decarbonisation journey,” Vincent Policard, KKR Co-Head of European Infrastructure.