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RWE has secured contracts for 6.9 gigawatts of offshore wind capacity in the U.K. through the latest Contracts for Difference Allocation Round, including projects at Norfolk Vanguard and Dogger Bank South. KKR has acquired a 50% stake in the Norfolk Vanguard projects, with the partnership aimed at their development and operation, pending customary approvals by summer 2026. RWE reported a revenue of $16.72 billion but faces operational challenges reflected in its margins and debt-to-equity ratio.