Article

RWE has secured 6.9 gigawatts of offshore wind capacity in the UK through an auction, partnering with KKR, which will invest approximately $1.8 billion for a 50% stake in the Norfolk Vanguard projects. The agreement guarantees a price of £91.20 per megawatt-hour for projects expected to begin operations between 2029 and 2032, with a final investment decision anticipated by summer 2026. Additionally, RWE has signed a 20-year LNG supply contract with Texas LNG, starting in 2030.